SysGroup (LON:SYS) Sets New 52-Week High Following Insider Buying Activity

SysGroup plc (LON:SYS)’s share price hit a new 52-week high during trading on Tuesday following insider buying activity. The stock traded as high as GBX 27 and last traded at GBX 25.80, with a volume of 1726990 shares trading hands. The stock had previously closed at GBX 24.

Specifically, insider Heejae Chae bought 416,639 shares of the business’s stock in a transaction dated Monday, July 13th. The stock was purchased at an average cost of GBX 24 per share, with a total value of £99,993.36.

SysGroup Stock Performance

The business’s 50-day simple moving average is GBX 18.17 and its two-hundred day simple moving average is GBX 16.11. The company has a quick ratio of 0.94, a current ratio of 1.45 and a debt-to-equity ratio of 22.61. The firm has a market cap of £21.60 million, a price-to-earnings ratio of -10.32 and a beta of 0.35.

SysGroup (LON:SYS) last posted its earnings results on Wednesday, July 8th. The company reported GBX 0.40 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, sell-side analysts expect that SysGroup plc will post 0.900277 earnings per share for the current fiscal year.

About SysGroup

SysGroup plc is a trusted provider of cloud, cybersecurity and digital infrastructure services to the UK mid-market. The Group helps organisations modernise, secure and optimise their IT environments through a consultative, end-to-end service offering.

The Group has offices in Edinburgh, London, Manchester and Newport.

For more information, visit www.sysgroup.com