SigmaRoc (LON:SRC) Hits New 52-Week High – Time to Buy?

SigmaRoc plc (LON:SRC)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 74.23 ($0.96) and last traded at GBX 74.15 ($0.96), with a volume of 1978047 shares changing hands. The stock had previously closed at GBX 71.50 ($0.93).

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 95 ($1.23) price objective on shares of SigmaRoc in a report on Tuesday, September 10th.

SigmaRoc Stock Performance

The firm has a market cap of £806.97 million, a price-to-earnings ratio of -7,150.00 and a beta of 1.72. The firm’s 50 day moving average is GBX 69.50 and its 200-day moving average is GBX 67.67. The company has a debt-to-equity ratio of 93.89, a quick ratio of 0.88 and a current ratio of 1.08.

SigmaRoc Company Profile

SigmaRoc plc, through its subsidiaries, invests in and/or acquires projects in the quarried materials sector. It also produces aggregates, stone, granite, concrete blocks, asphalt, limestone, ready-mix concrete, pre-cast concrete, and other stone products; supplies value-added industrial and construction materials; and provides shipping logistics, road contracting, waste recycling, and patent and licensing services, as well as engages in the limestone quarrying and processing.