Petrus Vervaat, an insider at SIG plc, has acquired 500,000 shares of the company, totaling £50,000. The purchase was made on January 14, 2024, at an average price of GBX 10 per share. This transaction comes as SIG’s stock has shown slight fluctuations in recent trading sessions.
On Friday, shares of SIG opened at GBX 9.85, reflecting a decline of 0.2%. The firm currently holds a market capitalization of £114.35 million. In addition, SIG’s financial ratios indicate a debt-to-equity ratio of 268.81, a quick ratio of 1.10, and a current ratio of 1.57, showcasing the company’s financial positioning.
Recent Performance Metrics
SIG’s stock performance over the past year has seen a 52-week low of GBX 8.28 and a high of GBX 18. The company’s price-to-earnings (P/E) ratio stands at -1.64, while the price-to-earnings growth (P/E/G) ratio is recorded at 1.29. Notably, its beta is 1.93, indicating higher volatility compared to the overall market.
The company also maintains a 50-day simple moving average of GBX 9.46 and a 200-day simple moving average of GBX 10.57, suggesting it has faced challenges in recent months but remains a significant player in its industry.
About SIG plc
SIG plc connects over 75,000 customers with a vast range of leading and specialist products from its suppliers. The company operates through a network of approximately 430 branches, focusing on delivering superior customer service, specialist expertise, and timely delivery. This operational model is designed to add value for both customers and suppliers alike.
As SIG continues to navigate market conditions, insider purchases such as that of Petrus Vervaat may signal confidence in the company’s future prospects. Investors and analysts alike will be keeping a close eye on SIG’s performance in the coming weeks.
