Eagle Eye Solutions Group (LON:EYE) Share Price Passes Above 50-Day Moving Average - What's Next?

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 stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 223.32 ($3.04) and traded as high as GBX 250 ($3.40). Eagle Eye Solutions Group shares last traded at GBX 250 ($3.40), with a volume of 39,478 shares.

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.

Eagle Eye Solutions Group Stock Up 12.9%

The company has a current ratio of 1.54, a quick ratio of 1.08 and a debt-to-equity ratio of 3.25. The firm has a market capitalization of £89.10 million, a price-to-earnings ratio of 1,251.05 and a beta of 0.94. The stock has a fifty day moving average of GBX 226.70 and a 200-day moving average of GBX 294.91.

Eagle Eye Solutions Group (LON:EYE - Get Free Report) last issued its earnings results on Tuesday, September 16th. The company reported GBX 5.49 earnings per share (EPS) for the quarter. Eagle Eye Solutions Group had a return on equity of 19.38% and a net margin of 12.01%. As a group, sell-side analysts expect that Eagle Eye Solutions Group plc will post 12.1000003 EPS for the current year.

Eagle Eye Solutions Group declared that its Board of Directors has authorized a share repurchase plan on Tuesday, July 15th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its stock is undervalued.

Insider Buying and Selling at Eagle Eye Solutions Group

In other Eagle Eye Solutions Group news, insider Timothy J. R. Mason purchased 16,100 shares of the stock in a transaction dated Tuesday, July 15th. The shares were acquired at an average price of GBX 230 per share, for a total transaction of £37,030. Corporate insiders own 25.08% 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.