Beeks Financial Cloud Group (LON:BKS) Shares Down 1% – Here’s What Happened

Beeks Financial Cloud Group plc (LON:BKS – Get Free Report) shares traded down 1% during mid-day trading on Thursday. The company traded as low as GBX 200 and last traded at GBX 200.55. Approximately 110,198 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 184,228 shares. The stock had previously closed at GBX 202.50.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 335 price target on shares of Beeks Financial Cloud Group in a research note on Wednesday, July 15th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 335.

View Our Latest Report on Beeks Financial Cloud Group

Beeks Financial Cloud Group Stock Performance

The company has a current ratio of 1.71, a quick ratio of 1.85 and a debt-to-equity ratio of 20.02. The company has a market cap of £130.18 million, a P/E ratio of 167.11 and a beta of 0.35. The business’s 50 day simple moving average is GBX 214.35 and its 200 day simple moving average is GBX 192.12.

Insider Transactions at Beeks Financial Cloud Group

In other Beeks Financial Cloud Group news, insider Fraser McDonald sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of GBX 210, for a total transaction of £105,000. Insiders own 32.66% of the company’s stock.

About Beeks Financial Cloud Group

(Get Free Report)

Cloud computing is crucial to Capital Markets and finance. Beeks Group is a leading managed cloud provider exclusively within this fast-moving sector. Our Infrastructure-as-a-Service model is optimised for low-latency private cloud compute, connectivity and analytics, providing the flexibility to deploy and connect to exchanges, trading venues and public cloud for a true hybrid cloud experience.

ISO 27001 certified, we provide world-class security aligned to global security requirements. Founded in 2011, Beeks Group is listed on the London Stock Exchange (LSE: BKS) and has enjoyed continued growth each year.

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