SysGroup (LON:SYS) Stock Price Up 16% – Still a Buy?

Shares of SysGroup plc (LON:SYS) were up 16% during mid-day trading on Thursday . The stock traded as high as GBX 30 and last traded at GBX 29. 377,196 shares were traded during mid-day trading, an increase of 266% from the average daily volume of 102,969 shares. The stock had previously closed at GBX 25.

SysGroup Stock Up 16.0%

The stock has a 50-day moving average of GBX 29.29 and a 200-day moving average of GBX 20.80. The company has a debt-to-equity ratio of 22.61, a current ratio of 1.45 and a quick ratio of 0.94. The firm has a market cap of £24.28 million, a price-to-earnings ratio of -13.18 and a beta of 0.43.

SysGroup (LON:SYS) last announced its quarterly earnings data on Wednesday, July 8th. The company reported GBX 0.40 earnings per share for the quarter. SysGroup had a negative return on equity of 8.35% and a negative net margin of 8.54%. Sell-side analysts predict that SysGroup plc will post 0.900277 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Heejae Chae purchased 416,639 shares of the company’s stock in a transaction that occurred on Monday, July 13th. The stock was acquired at an average price of GBX 24 per share, with a total value of £99,993.36. 54.33% of the stock is currently owned by company insiders.

SysGroup Company Profile

SysGroup is a UK managed IT services provider serving mid-market organisations, typically with 100 to 2,000 employees. The Group delivers managed infrastructure, cloud, cybersecurity and compliance services through a single, integrated operating model, providing customers with one accountable partner for critical IT operations. Revenue is predominantly recurring, underpinned by long-term managed services contracts, with cybersecurity representing a significant and growing part of the business. Through its AI-driven MSP 3.0 operating model and disciplined buy-and-build strategy, SysGroup is focused on improving operational efficiency, expanding its capabilities and consolidating share within the fragmented UK managed services market.