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

Beeks Financial Cloud Group plc (LON:BKS – Get Free Report)’s share price traded down 1% on Thursday. The stock traded as low as GBX 200 and last traded at GBX 200.55. Approximately 110,198 shares traded hands during 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 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 report on Wednesday, July 15th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Beeks Financial Cloud Group has a consensus rating of “Buy” and an average target price of GBX 335.

Get Our Latest Stock Report on BKS

Beeks Financial Cloud Group Stock Performance

The firm has a fifty day moving average price of GBX 214.74 and a 200 day moving average price of GBX 192.13. 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 firm has a market cap of £137.05 million, a PE ratio of 175.92 and a beta of 0.35.

Insider Transactions at Beeks Financial Cloud Group

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

Beeks Financial Cloud Group Company Profile

(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.

See Also

Receive News & Ratings for Beeks Financial Cloud Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Beeks Financial Cloud Group and related companies with MarketBeat.com's FREE daily email newsletter.