SysGroup (LON:SYS) Shares Pass Below Fifty Day Moving Average – What’s Next?

Shares of SysGroup plc (LON:SYSGet Free Report) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 20.34 ($0.25) and traded as low as GBX 17 ($0.21). SysGroup shares last traded at GBX 17.45 ($0.22), with a volume of 821,000 shares.

SysGroup Stock Performance

The firm has a market cap of £14.47 million, a PE ratio of -145.42 and a beta of 0.29. The stock has a 50-day moving average price of GBX 20.34 and a 200 day moving average price of GBX 28.62. The company has a debt-to-equity ratio of 36.18, a current ratio of 0.63 and a quick ratio of 0.94.

Insiders Place Their Bets

In related news, insider Heejae Chae bought 150,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were acquired at an average cost of GBX 23 ($0.29) per share, with a total value of £34,500 ($43,065.78). 25.76% of the stock is owned by corporate insiders.

About SysGroup

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