Beeks Financial Cloud Group (LON:BKS) Stock Price Down 7% – Here’s Why

Beeks Financial Cloud Group plc (LON:BKS) was down 7% during trading on Monday . The stock traded as low as GBX 170 and last traded at GBX 176.20. Approximately 793,767 shares traded hands during mid-day trading, an increase of 217% from the average daily volume of 250,545 shares. The stock had previously closed at GBX 189.50.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 335 target price on shares of Beeks Financial Cloud Group in a research note on Thursday, December 18th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of GBX 335.

Beeks Financial Cloud Group Trading Down 7.0%

The company has a current ratio of 1.61, a quick ratio of 1.85 and a debt-to-equity ratio of 13.63. The company has a fifty day moving average price of GBX 220.28 and a two-hundred day moving average price of GBX 224.47. The firm has a market capitalization of £120.41 million, a price-to-earnings ratio of 42.77 and a beta of 0.10.

Beeks Financial Cloud Group (LON:BKS) last released its quarterly earnings data on Monday, March 16th. The company reported GBX (0.75) earnings per share for the quarter. Beeks Financial Cloud Group had a return on equity of 7.20% and a net margin of 8.26%. As a group, research analysts forecast that Beeks Financial Cloud Group plc will post 7.3180848 earnings per share for the current fiscal year.

Insider Activity at Beeks Financial Cloud Group

In other news, insider Gordon McArthur sold 200,000 shares of the business’s stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of GBX 232, for a total transaction of £464,000. 32.66% of the stock is currently owned by corporate insiders.

Beeks Financial Cloud Group Company Profile

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.