SysGroup (LON:SYS) Stock Jumps 2.9% – Should You Buy?

SysGroup plc (LON:SYS) shares traded up 2.9% on Thursday. The company traded as high as GBX 33.95 and last traded at GBX 33.95. Approximately 79,801 shares changed hands during trading, a decline of 29% from the average daily volume of 112,707 shares. The stock had previously closed at GBX 33.

SysGroup Trading Up 2.9%

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 stock has a 50-day simple moving average of GBX 30.09 and a 200 day simple moving average of GBX 22.75. The company has a market cap of £28.42 million, a price-to-earnings ratio of -15.43 and a beta of 0.43.

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

Insider Transactions at SysGroup

In other SysGroup news, insider Heejae Chae acquired 416,639 shares of the firm’s stock in a transaction on Monday, July 13th. The stock was acquired at an average cost of GBX 24 per share, for a total transaction of £99,993.36. Corporate insiders own 54.42% of the company’s stock.

SysGroup Company Profile

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.