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

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

SysGroup Stock Performance

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

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%. On average, equities analysts expect that SysGroup plc will post 0.900277 earnings per share for the current fiscal year.

Insider Activity at SysGroup

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

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.