Eagle Eye Solutions Group (LON:EYE) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Eagle Eye Solutions Group plc (LON:EYE) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 322.22 ($4.33) and traded as low as GBX 228 ($3.07). Eagle Eye Solutions Group shares last traded at GBX 229.50 ($3.09), with a volume of 80,574 shares trading hands.

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, July 15th.

Eagle Eye Solutions Group Price Performance

The stock has a 50-day moving average price of GBX 218.66 and a two-hundred day moving average price of GBX 322.22. 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 stock has a market cap of £68.51 million, a price-to-earnings ratio of 11.91 and a beta of 0.94.

Eagle Eye Solutions Group announced that its board has approved a share repurchase plan on Tuesday, July 15th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other Eagle Eye Solutions Group news, insider Timothy J. R. Mason purchased 16,100 shares of the stock in a transaction on Tuesday, July 15th. The stock was acquired at an average price of GBX 230 ($3.09) per share, with a total value of £37,030 ($49,798.28). Company insiders own 37.93% of the company’s stock.

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.