Begbies Traynor Group (LON:BEG) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Begbies Traynor Group plc (LON:BEGGet Free Report)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 94.60 ($1.26) and traded as high as GBX 100 ($1.33). Begbies Traynor Group shares last traded at GBX 100 ($1.33), with a volume of 236,107 shares traded.

Begbies Traynor Group Stock Performance

The company has a quick ratio of 1.35, a current ratio of 1.31 and a debt-to-equity ratio of 23.79. The stock has a market cap of £155.40 million, a P/E ratio of 106.34, a price-to-earnings-growth ratio of 2.95 and a beta of 0.37. The firm’s 50-day moving average is GBX 95.83 and its two-hundred day moving average is GBX 94.62.

Begbies Traynor Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Thursday, April 10th will be issued a dividend of GBX 1.40 ($0.02) per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a yield of 1.51%. Begbies Traynor Group’s dividend payout ratio (DPR) is presently 435.82%.

Begbies Traynor Group Company Profile

(Get Free Report)

Begbies Traynor Group plc provides various professional services to businesses, professional advisors, large corporations, and financial institutions in the United Kingdom. The company operates through two segments: Insolvency and Advisory Services; and Property Advisory and Transactional Services. It offers business rescue and recovery services, including company administration, creditors' voluntary liquidation, company dissolution and strike off, company voluntary arrangement, compulsory liquidation, the Law of Property Act or fixed charge receiverships, members' voluntary liquidation, partnership liquidation, and personal insolvency services, as well as closure options for insolvent companies.

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