Eagle Eye Solutions Group (LON:EYE) Stock Price Passes Below Two Hundred Day Moving Average - Should You 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 crossed 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 traded.

Wall Street Analyst Weigh In

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

Eagle Eye Solutions Group Trading Up 0.2%

The business has a fifty day simple moving average of GBX 232.06 and a 200-day simple moving average of GBX 327.46. 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 firm has a market cap of £67.59 million, a price-to-earnings ratio of 11.75 and a beta of 0.94.

Eagle Eye Solutions Group announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, July 15th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Insider Buying and Selling at Eagle Eye Solutions Group

In related news, insider Timothy J. R. Mason purchased 16,100 shares of the firm's stock in a transaction dated Tuesday, July 15th. The stock was bought at an average price of GBX 230 ($3.05) per share, with a total value of £37,030 ($49,150.52). 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.