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

Shearwater Group plc (LON:SWG)’s share price was up 9.4% during mid-day trading on Thursday . The stock traded as high as GBX 35.50 ($0.46) and last traded at GBX 34.45 ($0.45). Approximately 57,794 shares traded hands during trading, an increase of 38% from the average daily volume of 42,010 shares. The stock had previously closed at GBX 31.50 ($0.41).

Shearwater Group Trading Up 9.4 %

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 has a market capitalization of £8.21 million, a PE ratio of -3.78 and a beta of 0.65. The business’s fifty day moving average price is GBX 33.23 and its 200 day moving average price is GBX 35.29.

Insiders Place Their Bets

In other Shearwater Group news, insider Jonathan David Hall purchased 13,500 shares of the firm’s stock in a transaction on Monday, February 17th. The shares were purchased at an average cost of GBX 37 ($0.48) per share, with a total value of £4,995 ($6,486.17). 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.