SDI Group (LON:SDI) Share Price Breaks Above 50 Day Moving Average – Here’s Why

Shares of SDI Group plc (LON:SDI) passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of GBX 90.31 and traded as high as GBX 94. SDI Group shares last traded at GBX 92.99, with a volume of 32,828 shares.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 145 price objective on shares of SDI Group in a research report on Wednesday, September 23rd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of GBX 145.

SDI Group Stock Performance

The company has a market capitalization of £99.34 million, a P/E ratio of 20.70 and a beta of 1.11. The company’s 50 day moving average is GBX 90.27 and its 200-day moving average is GBX 83.95. The company has a current ratio of 2.07, a quick ratio of 0.79 and a debt-to-equity ratio of 62.26.

SDI Group (LON:SDI) last posted its quarterly earnings results on Wednesday, July 29th. The company reported GBX 4.70 earnings per share for the quarter. SDI Group had a return on equity of 9.24% and a net margin of 6.59%. Equities analysts anticipate that SDI Group plc will post 6.002265 EPS for the current fiscal year.

About SDI Group

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).