SysGroup (LON:SYS) Trading Down 23.5% – Here’s What Happened

Shares of SysGroup plc (LON:SYSGet Free Report) fell 23.5% during mid-day trading on Tuesday . The company traded as low as GBX 19.63 ($0.25) and last traded at GBX 21.80 ($0.28). 199,332 shares traded hands during trading, an increase of 249% from the average session volume of 57,181 shares. The stock had previously closed at GBX 28.50 ($0.36).

SysGroup Price Performance

The firm has a market capitalization of £18.25 million, a P/E ratio of -240.83 and a beta of 0.29. The company has a current ratio of 0.63, a quick ratio of 0.94 and a debt-to-equity ratio of 36.18. The firm has a 50 day moving average price of GBX 30.77 and a 200-day moving average price of GBX 33.

About SysGroup

(Get Free Report)

SysGroup plc, together with its subsidiaries, engages in the provision of managed information technology (IT) and cloud hosting services in the United Kingdom and internationally. The company operates through two segments, Managed IT Services and Value Added Resale. It offers consultancy services, such as strategic reviews, cloud consultancy, security assessments, incident response planning, platform migration, and architecture audits.

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