SysGroup (LON:SYS) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Shares of SysGroup plc (LON:SYSGet Free Report) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 23.29 and traded as high as GBX 32. SysGroup shares last traded at GBX 31.70, with a volume of 55,422 shares trading hands.

SysGroup Price Performance

The company has a current ratio of 1.45, a quick ratio of 0.94 and a debt-to-equity ratio of 22.61. The company has a 50 day moving average price of GBX 23.29 and a 200 day moving average price of GBX 18.07. The company has a market capitalization of £26.54 million, a P/E ratio of -14.41 and a beta of 0.35.

SysGroup (LON:SYSGet Free Report) last issued its quarterly earnings data on Wednesday, July 8th. The company reported GBX 0.40 earnings per share for the quarter. SysGroup had a negative net margin of 8.54% and a negative return on equity of 8.35%. On average, equities analysts predict that SysGroup plc will post 0.900277 EPS for the current fiscal year.

Insider Buying and Selling at SysGroup

In other SysGroup news, insider Heejae Chae bought 416,639 shares of SysGroup stock in a transaction dated Monday, July 13th. The stock was bought at an average price of GBX 24 per share, with a total value of £99,993.36. Corporate insiders own 54.33% of the company’s stock.

SysGroup Company Profile

(Get Free Report)

SysGroup is a UK managed IT services provider serving mid-market organisations, typically with 100 to 2,000 employees. The Group delivers managed infrastructure, cloud, cybersecurity and compliance services through a single, integrated operating model, providing customers with one accountable partner for critical IT operations. Revenue is predominantly recurring, underpinned by long-term managed services contracts, with cybersecurity representing a significant and growing part of the business. Through its AI-driven MSP 3.0 operating model and disciplined buy-and-build strategy, SysGroup is focused on improving operational efficiency, expanding its capabilities and consolidating share within the fragmented UK managed services market.

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