SysGroup (LON:SYS) Shares Cross Below Fifty Day Moving Average – Here’s Why

Shares of SysGroup plc (LON:SYS) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 15.57 and traded as low as GBX 15.50. SysGroup shares last traded at GBX 16, with a volume of 125 shares traded.

SysGroup Trading Up 3.2%

The business has a fifty day simple moving average of GBX 15.57 and a 200-day simple moving average of GBX 16.40. The company has a debt-to-equity ratio of 36.18, a quick ratio of 0.94 and a current ratio of 0.63. The firm has a market cap of £13.38 million, a price-to-earnings ratio of -6.40 and a beta of 0.29.

SysGroup (LON:SYS) last posted its earnings results on Wednesday, December 3rd. The company reported GBX (0.10) EPS for the quarter. SysGroup had a negative return on equity of 33.87% and a negative net margin of 25.98%. As a group, equities analysts forecast that SysGroup plc will post 0.900277 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Heejae Chae acquired 645,119 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The shares were bought at an average cost of GBX 16 per share, with a total value of £103,219.04. 53.12% of the stock is owned by company insiders.

About SysGroup