SDI Group (LON:SDI) Share Price Crosses Below 200 Day Moving Average – Here’s Why

Shares of SDI Group plc (LON:SDI) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 61.52 ($0.80) and traded as low as GBX 51 ($0.67). SDI Group shares last traded at GBX 52 ($0.68), with a volume of 221,868 shares trading hands.

SDI Group Price Performance

The firm has a market capitalization of £53.84 million, a PE ratio of 1,287.50 and a beta of 1.43. The stock’s 50 day simple moving average is GBX 58.53 and its two-hundred day simple moving average is GBX 61.43. The company has a debt-to-equity ratio of 47.28, a quick ratio of 0.79 and a current ratio of 2.36.

Insiders Place Their Bets

In other news, insider Kenneth Ford purchased 100,000 shares of the company’s stock in a transaction dated Thursday, September 26th. The stock was acquired at an average price of GBX 58 ($0.76) per share, with a total value of £58,000 ($75,737.79). 10.60% of the stock is currently owned by corporate insiders.

SDI Group Company Profile

SDI Group plc, through its subsidiaries, designs and manufactures scientific and technology products based on digital imaging and sensing and control applications worldwide. The company offers sensitive camera for life science and industrial applications under the Atik Camera brand; cameras for art conservation under the Opus Instruments brand; and camera that have applications in astronomy field under the Quantum Scientific Imaging brand.