SDI Group (LON:SDI) Stock Passes Above Fifty Day Moving Average – What’s Next?

SDI Group plc (LON:SDI) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 82.97 and traded as high as GBX 92. SDI Group shares last traded at GBX 89, with a volume of 393,777 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 145 price objective on shares of SDI Group in a research report on Tuesday, June 2nd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, SDI Group has a consensus rating of “Buy” and a consensus target price of GBX 145.

SDI Group Price Performance

The company has a market cap of £93.07 million, a P/E ratio of 20.55 and a beta of 1.10. The company has a fifty day simple moving average of GBX 82.97 and a 200-day simple moving average of GBX 79.80. The company has a debt-to-equity ratio of 50.63, a current ratio of 2.23 and a quick ratio of 0.79.

SDI Group Company Profile

SDI Group plc, is a buy and build group, focused on companies which design and manufacture specialist lab equipment, industrial & scientific sensors and industrial & scientific products. The Group includes small to medium size companies with specialist industrial and scientific products in growth sector niches which help solve customers’ key challenges.

It specialises in the acquisition and development of companies that design and manufacture specialist products for use in lab equipment, industrial & scientific sensors and industrial & scientific products.

Its portfolio of businesses serves a broad spectrum of specialised markets, ranging from advanced industrial technologies (aerospace & defence, manufacturing, semiconductors and precision measurement) to scientific and medical applications (life sciences, healthcare, astronomy).