SysGroup (LON:SYS) Stock Jumps 2.9% – Should You Buy?

SysGroup plc (LON:SYS) traded up 2.9% during trading on Thursday. The stock traded as high as GBX 33.95 and last traded at GBX 33.95. 79,801 shares traded hands during trading, a decline of 29% from the average session volume of 112,707 shares. The stock had previously closed at GBX 33.

SysGroup Trading Up 2.9%

The company’s 50 day simple moving average is GBX 30.09 and its two-hundred day simple moving average is GBX 22.75. 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 capitalization of £28.42 million, a price-to-earnings ratio of -15.43 and a beta of 0.43.

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

Insider Buying and Selling

In other SysGroup news, insider Heejae Chae purchased 416,639 shares of the stock in a transaction 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. Company insiders own 54.42% 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.