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

SysGroup plc (LON:SYS) dropped 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 Price 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 business’s fifty day moving average price is GBX 28.70 and its 200-day moving average price is GBX 20.42. The company has a market capitalization of £20.76 million, a P/E ratio of -11.27 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 EPS for the quarter. SysGroup had a negative return on equity of 8.35% and a negative net margin of 8.54%. As a group, sell-side analysts predict 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 acquired 416,639 shares of the firm’s stock in a transaction on Monday, July 13th. The shares were purchased at an average price of GBX 24 per share, for a total transaction 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.