SysGroup (LON:SYS) Share Price Passes Below 200-Day Moving Average – Should You 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.

SysGroup Price Performance

The stock has a market cap of £16.18 million, a P/E 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. The company’s fifty day simple moving average is GBX 27.93 and its 200-day simple moving average is GBX 32.11.

Insider Buying and Selling

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