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

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

SysGroup Trading Up 4.5%

The company has a market cap of £25.37 million, a P/E ratio of -13.77 and a beta of 0.43. The business’s 50-day moving average price is GBX 29.63 and its 200 day moving average price is GBX 20.96. The company has a debt-to-equity ratio of 22.61, a quick ratio of 0.94 and a current ratio of 1.45.

SysGroup (LON:SYS) last issued its earnings results on Wednesday, July 8th. The company reported GBX 0.40 earnings per share (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 expect that SysGroup plc will post 0.900277 earnings per share for the current year.

Insider Activity at SysGroup

In other SysGroup news, insider Heejae Chae bought 416,639 shares of the firm’s stock in a transaction that occurred on Monday, July 13th. The shares were acquired at an average cost of GBX 24 per share, with a total value of £99,993.36. Corporate insiders own 54.33% of the company’s stock.

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.