SigmaRoc (LON:SRC) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

SigmaRoc plc (LON:SRC)’s stock price passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of GBX 126.74 and traded as high as GBX 130.70. SigmaRoc shares last traded at GBX 130, with a volume of 3,941,114 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “hold” rating and issued a GBX 130 price target on shares of SigmaRoc in a research report on Wednesday, October 21st. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 165.33.

SigmaRoc Stock Up 2.3%

The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 76.40. The firm has a market capitalization of £1.45 billion, a price-to-earnings ratio of 17.69 and a beta of 1.21. The business’s fifty day moving average price is GBX 125.49 and its 200 day moving average price is GBX 126.73.

SigmaRoc (LON:SRC) last announced its quarterly earnings results on Monday, September 7th. The company reported GBX 5.23 earnings per share (EPS) for the quarter. SigmaRoc had a net margin of 8.40% and a return on equity of 10.54%. On average, equities analysts expect that SigmaRoc plc will post 9.20 EPS for the current year.

About SigmaRoc

SigmaRoc is Northern European quoted lime and limestone group targeting quarried materials assets in the UK and Northern Europe.

Lime and limestone are key resources in the transition to a more sustainable economy. New applications for lime and limestone products as part of a drive for sustainability include the production and recycling of lithium batteries, the decarbonisation of construction including through substitution of cementitious material and new building materials, and environmental applications including lake liming, air pollution and direct air capture.

SigmaRoc seeks to create value by purchasing assets in fragmented materials markets and extracting efficiencies through active management and by forming the assets into larger groups.