SysGroup (LON:SYS) Trading 14.8% Higher – Here’s What Happened
by Renee Jackson · The Cerbat GemSysGroup plc (LON:SYS – Get Free Report) rose 14.8% on Wednesday . The company traded as high as GBX 35 and last traded at GBX 35. Approximately 593,452 shares changed hands during trading, an increase of 511% from the average daily volume of 97,201 shares. The stock had previously closed at GBX 30.50.
SysGroup Stock Up 14.8%
The stock’s 50-day moving average is GBX 19.58 and its 200-day moving average is GBX 16.62. The stock has a market cap of £29.30 million, a P/E ratio of -14.00 and a beta of 0.35. The company has a current ratio of 1.45, a quick ratio of 0.94 and a debt-to-equity ratio of 22.61.
SysGroup (LON:SYS – Get Free Report) last released its quarterly earnings results on Wednesday, July 8th. The company reported GBX 0.40 EPS for the quarter. SysGroup had a negative net margin of 8.54% and a negative return on equity of 8.35%. As a group, research analysts anticipate that SysGroup plc will post 0.900277 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, insider Heejae Chae purchased 416,639 shares of the stock in a transaction dated Monday, July 13th. The shares were bought at an average cost of GBX 24 per share, for a total transaction of £99,993.36. 53.84% of the stock is currently owned by insiders.
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