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

SysGroup plc (LON:SYS) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 32.22 ($0.41) and traded as low as GBX 19 ($0.24). SysGroup shares last traded at GBX 19.50 ($0.25), with a volume of 34,500 shares traded.

SysGroup Stock Up 2.6 %

The firm has a fifty day moving average price of GBX 27.93 and a 200 day moving average price of GBX 32.11. The firm has a market capitalization of £16.18 million, a price-to-earnings ratio of -162.50 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.

Insiders Place Their Bets

In related news, insider Heejae Chae bought 150,000 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was bought at an average cost of GBX 23 ($0.29) per share, with a total value of £34,500 ($43,859.65). Insiders own 25.76% of the company’s stock.

About SysGroup

SysGroup plc, together with its subsidiaries, engages in the provision of managed information technology (IT) and cloud hosting services in the United Kingdom and internationally. The company operates through two segments, Managed IT Services and Value Added Resale. It offers consultancy services, such as strategic reviews, cloud consultancy, security assessments, incident response planning, platform migration, and architecture audits.