Shearwater Group (LON:SWG) Stock Price Down 7.1% – Here’s Why

Shearwater Group plc (LON:SWGGet Free Report) was down 7.1% during mid-day trading on Wednesday . The stock traded as low as GBX 32.10 ($0.40) and last traded at GBX 32.98 ($0.41). Approximately 82,297 shares traded hands during mid-day trading, an increase of 187% from the average daily volume of 28,707 shares. The stock had previously closed at GBX 35.50 ($0.44).

Shearwater Group Price Performance

The company has a market cap of £7.39 million, a price-to-earnings ratio of -344.39 and a beta of 0.65. The company has a current ratio of 1.38, a quick ratio of 1.21 and a debt-to-equity ratio of 0.82. The business has a 50-day moving average price of GBX 36.17 and a 200 day moving average price of GBX 38.15.

Shearwater Group (LON:SWGGet Free Report) last released its quarterly earnings results on Tuesday, November 26th. The company reported GBX (0.03) ($0.00) earnings per share for the quarter. Shearwater Group had a negative net margin of 9.58% and a negative return on equity of 4.61%. As a group, research analysts expect that Shearwater Group plc will post 2.4020228 earnings per share for the current fiscal year.

About Shearwater Group

(Get Free Report)

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.

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