SysGroup (LON:SYS) Stock Price Down 9.8% – Here’s What Happened

SysGroup plc (LON:SYS)’s share price traded down 9.8% on Thursday . The company traded as low as GBX 24.80 and last traded at GBX 24.80. 142,754 shares traded hands during mid-day trading, an increase of 44% from the average daily volume of 98,796 shares. The stock had previously closed at GBX 27.50.

SysGroup Stock Performance

The company has a quick ratio of 0.94, a current ratio of 1.45 and a debt-to-equity ratio of 22.61. The company has a market cap of £20.76 million, a PE ratio of -11.27 and a beta of 0.43. The company has a 50-day moving average of GBX 28.70 and a 200-day moving average of GBX 20.42.

SysGroup (LON:SYS) last announced its 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, analysts anticipate that SysGroup plc will post 0.900277 earnings per share for the current year.

Insider Transactions at SysGroup

In other SysGroup news, insider Heejae Chae bought 416,639 shares of the firm’s stock in a transaction dated Monday, July 13th. The stock was purchased at an average cost of GBX 24 per share, with a total value of £99,993.36. 54.33% of the stock is owned by company insiders.

About SysGroup

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.