SigmaRoc (LON:SRC) Trading Down 0.5% – Here’s Why

SigmaRoc plc (LON:SRC) shares dropped 0.5% during mid-day trading on Wednesday . The company traded as low as GBX 73.20 ($0.92) and last traded at GBX 73.50 ($0.93). Approximately 1,056,651 shares traded hands during trading, a decline of 62% from the average daily volume of 2,780,454 shares. The stock had previously closed at GBX 73.90 ($0.93).

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 95 ($1.20) target price on shares of SigmaRoc in a research note on Tuesday, September 10th.

SigmaRoc Stock Performance

The company has a debt-to-equity ratio of 93.89, a current ratio of 1.08 and a quick ratio of 0.88. The stock has a 50-day moving average price of GBX 75.38 and a 200-day moving average price of GBX 70.67. The firm has a market capitalization of £798.09 million, a PE ratio of -7,225.60 and a beta of 1.72.

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.