Software Circle (LON:SFT) Shares Down 8.7% – Time to Sell?

Shares of Software Circle plc (LON:SFT) dropped 8.7% during mid-day trading on Monday . The company traded as low as GBX 15.75 and last traded at GBX 15.75. Approximately 191,036 shares were traded during mid-day trading, a decline of 55% from the average daily volume of 422,380 shares. The stock had previously closed at GBX 17.25.

Software Circle Stock Down 8.7%

The firm has a market capitalization of £61.44 million, a PE ratio of -22.18 and a beta of 0.13. The company has a 50-day moving average of GBX 22.85 and a 200 day moving average of GBX 24.23.

Software Circle (LON:SFT) last issued its quarterly earnings results on Tuesday, November 25th. The company reported GBX (0.31) earnings per share (EPS) for the quarter. Software Circle had a negative net margin of 14.66% and a negative return on equity of 20.96%.

Insider Buying and Selling

In related news, insider Iain Brown bought 41,425 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The stock was bought at an average cost of GBX 24 per share, for a total transaction of £9,942. Also, insider Gavin Cockerill bought 29,341 shares of Software Circle stock in a transaction that occurred on Wednesday, February 18th. The stock was purchased at an average cost of GBX 17 per share, for a total transaction of £4,987.97. 8.14% of the stock is owned by insiders.

About Software Circle

Software Circle plc (AIM: SFT) has a mission: to be a leading serial acquirer and operator of Vertical Market Software businesses in the UK and Ireland – a permanent home for software leaders, teams, and customers. These are mission-critical systems, deeply embedded in the day-to-day workflows of users.

We help founders find the right exit strategy, acquiring businesses at appropriate valuations, supporting their organic growth over time, and reinvesting the free cash flow they generate into further value-accretive opportunities.