SysGroup (LON:SYS) Shares Cross Above 50-Day Moving Average – Time to Sell?

SysGroup plc (LON:SYS) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 14.39 and traded as high as GBX 16. SysGroup shares last traded at GBX 16, with a volume of 3,182 shares trading hands.

SysGroup Trading Down 1.5%

The company has a quick ratio of 0.94, a current ratio of 1.61 and a debt-to-equity ratio of 22.16. The stock’s 50 day moving average price is GBX 14.39 and its 200-day moving average price is GBX 15.40. The stock has a market capitalization of £13.40 million, a P/E ratio of -6.40 and a beta of 0.29.

Insiders Place Their Bets

In other news, insider Heejae Chae bought 645,119 shares of the stock in a transaction on Monday, February 2nd. The stock was bought at an average cost of GBX 16 per share, for a total transaction of £103,219.04. 53.89% of the stock is currently owned by company insiders.

About SysGroup