Shearwater Group (LON:SWG) Stock Price Up 9.4% – Should You Buy?

Shearwater Group plc (LON:SWG) shot up 9.4% during mid-day trading on Monday . The stock traded as high as GBX 35 ($0.45) and last traded at GBX 35 ($0.45). 79,536 shares changed hands during trading, an increase of 69% from the average session volume of 47,119 shares. The stock had previously closed at GBX 32 ($0.41).

Shearwater Group Price Performance

The company has a quick ratio of 1.21, a current ratio of 1.38 and a debt-to-equity ratio of 0.82. The firm’s 50-day moving average is GBX 35.01 and its 200-day moving average is GBX 36.24. The company has a market cap of £8.34 million, a PE ratio of -3.84 and a beta of 0.65.

Insider Activity at Shearwater Group

In other Shearwater Group news, insider Jonathan David Hall acquired 13,500 shares of the company’s stock in a transaction that occurred on Monday, February 17th. The shares were acquired at an average price of GBX 37 ($0.48) per share, with a total value of £4,995 ($6,431.05). 51.89% of the stock is owned by corporate insiders.

Shearwater Group Company Profile

Shearwater Group plc is an award-winning group providing cyber security, managed security and professional advisory solutions to create a safer online environment for organisations and their end users.

The Group’s differentiated full service offering spans identity and access management and data security, cybersecurity solutions and managed security services, and security governance, risk and compliance.