SysGroup (LON:SYS) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

SysGroup plc (LON:SYSGet Free Report)’s share price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 20.74 ($0.27) and traded as low as GBX 19.50 ($0.26). SysGroup shares last traded at GBX 20.98 ($0.27), with a volume of 15,000 shares traded.

SysGroup Price Performance

The company’s 50-day moving average is GBX 20.78 and its 200-day moving average is GBX 23.20. The firm has a market cap of £17.48 million, a price-to-earnings ratio of -1.74 and a beta of 0.29. The company has a current ratio of 0.63, a quick ratio of 0.94 and a debt-to-equity ratio of 36.18.

Insider Buying and Selling at SysGroup

In other news, insider Heejae Chae acquired 800,000 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The shares were bought at an average price of GBX 17 ($0.22) per share, with a total value of £136,000 ($178,010.47). Company insiders own 25.76% of the company’s stock.

About SysGroup

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