Beeks Financial Cloud Group (LON:BKS) Stock Price Up 15.8% – Here’s What Happened

Beeks Financial Cloud Group plc (LON:BKS) shares rose 15.8% during trading on Monday . The company traded as high as GBX 195 and last traded at GBX 188.50. Approximately 555,780 shares changed hands during mid-day trading, an increase of 154% from the average daily volume of 218,860 shares. The stock had previously closed at GBX 162.80.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 335 price target on shares of Beeks Financial Cloud Group in a research note on Wednesday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Beeks Financial Cloud Group presently has a consensus rating of “Buy” and an average price target of GBX 335.

Beeks Financial Cloud Group Stock Up 11.0%

The stock has a market cap of £146.92 million, a PE ratio of 188.60 and a beta of 0.39. The company has a debt-to-equity ratio of 17.50, a current ratio of 1.71 and a quick ratio of 1.85. The company has a 50 day moving average price of GBX 164.41 and a two-hundred day moving average price of GBX 199.08.

Beeks Financial Cloud Group (LON:BKS) last released its quarterly earnings data on Monday, March 16th. The company reported GBX (0.75) EPS for the quarter. Beeks Financial Cloud Group had a net margin of 2.68% and a return on equity of 2.17%. Analysts expect that Beeks Financial Cloud Group plc will post 7.3180848 EPS for the current year.

About Beeks Financial Cloud Group

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.