Eagle Eye Solutions Group (LON:EYE) Stock Price Passes Below 200-Day Moving Average - Here's What Happened

Key Points

• Eagle Eye Solutions Group's shares have recently crossed below their 200-day moving average, which is currently at GBX 316.54, and traded as low as GBX 220.
• The company has a market capitalization of £67.74 million and recently approved a share buyback program, indicating potential confidence in the stock's value.
• Insider Timothy J. R. Mason acquired 16,100 shares at an average cost of GBX 230, reflecting strong insider buying activity.

Eagle Eye Solutions Group plc (LON:EYE - Get Free Report)'s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 316.54 ($4.25) and traded as low as GBX 220 ($2.95). Eagle Eye Solutions Group shares last traded at GBX 228 ($3.06), with a volume of 8,446 shares trading hands.

Wall Street Analyst Weigh In

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

Eagle Eye Solutions Group Stock Down 1.4%

The company has a debt-to-equity ratio of 3.25, a current ratio of 1.54 and a quick ratio of 1.08. The company has a market capitalization of £65.06 million, a P/E ratio of 11.31 and a beta of 0.94. The stock has a 50-day moving average price of GBX 218.15 and a 200-day moving average price of GBX 312.61.

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

Insider Activity

In other news, insider Timothy J. R. Mason bought 16,100 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The shares were acquired at an average price of GBX 230 per share, for a total transaction of £37,030. 37.93% 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.