Shares of Shearwater Group PLC (LON:SWG) were up 5% during mid-day trading on Thursday . The stock traded as high as GBX 238 ($3.11) and last traded at GBX 232 ($3.03), approximately 55,904 shares traded hands during trading. A decline of 91% from the average daily volume of 654,068 shares. The stock had previously closed at GBX 221 ($2.89).
Separately, Berenberg Bank started coverage on Shearwater Group in a report on Tuesday, August 6th. They set a “buy” rating and a GBX 5 ($0.07) price objective on the stock.
The company has a debt-to-equity ratio of 8.93, a quick ratio of 0.85 and a current ratio of 1.01. The firm has a fifty day simple moving average of GBX 70.79 and a 200-day simple moving average of GBX 19.24. The company has a market capitalization of $51.29 million and a PE ratio of -5.58.
In other Shearwater Group news, insider Phil Higgins acquired 5,000,000 shares of the company’s stock in a transaction on Wednesday, September 25th. The shares were bought at an average cost of GBX 172 ($2.25) per share, for a total transaction of £8,600,000 ($11,237,423.23).
Shearwater Group Company Profile (LON:SWG)
Shearwater Group PLC provides digital resilience solutions in the United Kingdom. The company operates in two segments, software and services. It offers multifactor authentication software solutions, and identity and access management security solutions; digital, operational, and regulatory solutions and services; enterprise grade security for small to medium sized businesses; and information, network, and application security solutions, as well as cyber essentials advisory, training, and outsourced IT services.
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