System1 Group (LON:SYS1) Reaches New 1-Year High After Dividend Announcement

System1 Group PLC (LON:SYS1)’s share price reached a new 52-week high during mid-day trading on Wednesday after the company announced a dividend. The company traded as high as GBX 669 ($8.46) and last traded at GBX 669 ($8.46), with a volume of 98127 shares changing hands. The stock had previously closed at GBX 520 ($6.58).

The newly announced dividend which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 26th will be issued a dividend of GBX 5 ($0.06) per share. The ex-dividend date is Thursday, September 26th. This represents a dividend yield of 0.96%. This is an increase from System1 Group’s previous dividend of $1.10. System1 Group’s dividend payout ratio (DPR) is currently 8,000.00%.

Analyst Ratings Changes

Separately, Canaccord Genuity Group upped their target price on shares of System1 Group from GBX 615 ($7.78) to GBX 630 ($7.97) and gave the stock a “buy” rating in a research note on Wednesday.

System1 Group Trading Up 28.7 %

The company has a current ratio of 2.20, a quick ratio of 1.90 and a debt-to-equity ratio of 9.88. The company has a market cap of £84.83 million, a PE ratio of 6,690.00 and a beta of 1.35. The company has a fifty day simple moving average of GBX 488.35 and a two-hundred day simple moving average of GBX 417.63.

System1 Group Company Profile

System1 Group PLC, together with its subsidiaries, provides marketing and market research consultancy services in the United Kingdom. The company offers a range of tools, such as predictive marketing tool that uses the wisdom of the crowd to identify winning concepts; and ad-testing tool that identifies the emotional impact of advertising.