Eagle Eye Solutions Group (LON:EYE) Shares Pass Below 50-Day Moving Average - Here's What Happened

Key Points

• Eagle Eye Solutions Group's stock price has fallen below its 50-day moving average, trading at GBX 218 ($2.93), indicating potential sell signals for investors.
• The company announced a share buyback program suggesting that it believes its shares are undervalued, authorized to repurchase shares through open market purchases.
• Insider Timothy J. R. Mason acquired 16,100 shares at an average price of GBX 230, reflecting confidence from company leadership in the stock's value.

Eagle Eye Solutions Group plc (LON:EYE - Get Free Report) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 218.55 ($2.95) and traded as low as GBX 210 ($2.84). Eagle Eye Solutions Group shares last traded at GBX 218 ($2.94), with a volume of 45,726 shares changing hands.

Analysts Set New Price Targets

Separately, Shore Capital restated 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 0.5%

The firm has a market cap of £64.68 million, a PE ratio of 906.80 and a beta of 0.94. The company has a quick ratio of 1.08, a current ratio of 1.54 and a debt-to-equity ratio of 3.25. The company's 50 day moving average price is GBX 219.02 and its two-hundred day moving average price is GBX 305.71.

Eagle Eye Solutions Group announced that its Board of Directors has authorized a stock buyback plan on Tuesday, July 15th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits 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.

Insiders Place Their Bets

In other news, insider Timothy J. R. Mason acquired 16,100 shares of Eagle Eye Solutions Group stock in a transaction that occurred on Tuesday, July 15th. The shares were bought at an average cost of GBX 230 per share, with a total value of £37,030. 25.05% 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.