Eagle Eye Solutions Group (LON:EYE) Stock Price Crosses Below 200 Day Moving Average - What's Next?

Key Points

• Eagle Eye Solutions Group shares have fallen below their 200-day moving average of GBX 322.22, reaching a low of GBX 228 in recent trading.
• Despite the decline, Shore Capital has reiterated a "house stock" rating on the company, indicating a positive outlook from analysts.
• Insider Timothy J. R. Mason purchased 16,100 shares at an average price of GBX 230, reflecting insider confidence in the stock's value.

Eagle Eye Solutions Group plc (LON:EYE - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 322.22 ($4.33) and traded as low as GBX 228 ($3.06). Eagle Eye Solutions Group shares last traded at GBX 229.50 ($3.08), with a volume of 80,574 shares traded.

Analysts Set New Price Targets

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

Eagle Eye Solutions Group Price Performance

The firm has a market capitalization of £67.44 million, a P/E ratio of 11.72 and a beta of 0.94. The firm's 50 day simple moving average is GBX 216.93 and its two-hundred day simple moving average is GBX 319.70. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.54 and a quick ratio of 1.08.

Eagle Eye Solutions Group declared that its board has initiated a share buyback program on Tuesday, July 15th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its shares are undervalued.

Insider Transactions 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 shares were acquired at an average price of GBX 230 ($3.09) per share, for a total transaction of £37,030 ($49,738.08). 37.93% of the stock is currently owned by insiders.

About Eagle Eye Solutions Group

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.