Eagle Eye Solutions Group (LON:EYE) Stock Price Passes Above 50-Day Moving Average - Time to Sell?

Key Points

• Eagle Eye Solutions Group's share price surpassed its 50-day moving average of GBX 223.32, reaching a high of GBX 250 ($3.38) during trading.
• The company has initiated a stock repurchase plan, indicating management's belief that its shares are currently undervalued.
• Insider Timothy J. R. Mason purchased 16,100 shares at an average cost of GBX 230, emphasizing confidence in the company's prospects.

Eagle Eye Solutions Group plc (LON:EYE - Get Free Report)'s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 223.32 ($3.03) and traded as high as GBX 250 ($3.39). Eagle Eye Solutions Group shares last traded at GBX 250 ($3.39), with a volume of 39,478 shares traded.

Analyst Upgrades and Downgrades

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

Eagle Eye Solutions Group Trading Up 8.8%

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 stock has a market cap of £81.33 million, a PE ratio of 1,141.90 and a beta of 0.94. The business has a 50-day moving average of GBX 225.62 and a 200 day moving average of GBX 296.34.

Eagle Eye Solutions Group announced that its Board of Directors has initiated a share buyback program on Tuesday, July 15th that permits the company to buyback 0 shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued.

Insider Transactions at Eagle Eye Solutions Group

In related news, insider Timothy J. R. Mason acquired 16,100 shares of the firm's stock in a transaction on Tuesday, July 15th. The stock was bought at an average cost of GBX 230 per share, with a total value of £37,030. 25.08% of the stock is owned by company insiders.

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.