Eagle Eye Solutions Group (LON:EYE) Stock Crosses Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• Eagle Eye Solutions Group's stock price fell below its 200-day moving average, trading at GBX 222.66 ($2.95), indicating a significant drop in performance.
• The company initiated a share repurchase plan, signaling management's belief that its stock is currently undervalued.
• Insider Timothy J. R. Mason purchased 16,100 shares at an average price of GBX 230 ($3.05), demonstrating confidence in the stock's future potential.

Eagle Eye Solutions Group plc (LON:EYE - Get Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 329.14 ($4.37) and traded as low as GBX 222.20 ($2.95). Eagle Eye Solutions Group shares last traded at GBX 222.66 ($2.96), with a volume of 6,691 shares.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a "house stock" rating on shares of Eagle Eye Solutions Group in a research note on Tuesday, July 15th.

Eagle Eye Solutions Group Stock Down 0.6%

The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.08 and a current ratio of 1.54. The business's 50 day simple moving average is GBX 229.17 and its 200-day simple moving average is GBX 325.55. The company has a market cap of £67.20 million, a price-to-earnings ratio of 11.68 and a beta of 0.94.

Eagle Eye Solutions Group announced that its board has authorized a stock buyback plan on Tuesday, July 15th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board believes its shares are undervalued.

Insider Activity at Eagle Eye Solutions Group

In other Eagle Eye Solutions Group news, insider Timothy J. R. Mason acquired 16,100 shares of the business's stock in a transaction on Tuesday, July 15th. The stock was purchased at an average price of GBX 230 ($3.05) per share, for a total transaction of £37,030 ($49,170.10). Insiders own 37.93% of the company's stock.

Eagle Eye Solutions Group Company Profile

Eagle Eye is a leading SaaS technology company transforming marketing by creating digital connections that enable personalised performance marketing in real time through coupons, loyalty, apps, subscriptions and gift services. Eagle Eye AIR enables the secure issuance and redemption of digital offers and rewards at scale, across multiple channels, enabling a single customer view.