Beeks Financial Cloud Group (LON:BKS) Stock Price Up 2.9% – Time to Buy?

Beeks Financial Cloud Group plc (LON:BKS) shares shot up 2.9% on Thursday . The stock traded as high as GBX 284 ($3.57) and last traded at GBX 283.88 ($3.57). Approximately 129,169 shares changed hands during mid-day trading, a decline of 36% from the average daily volume of 201,372 shares. The stock had previously closed at GBX 276 ($3.47).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 335 ($4.22) price target on shares of Beeks Financial Cloud Group in a research note on Tuesday, October 15th.

Beeks Financial Cloud Group Stock Down 1.2 %

The firm has a market capitalization of £185.07 million, a price-to-earnings ratio of 27,764.00 and a beta of 0.38. The company has a quick ratio of 1.85, a current ratio of 2.03 and a debt-to-equity ratio of 10.49. The company’s 50 day moving average price is GBX 269.88 and its 200 day moving average price is GBX 241.79.

Insiders Place Their Bets

In other news, insider Gordon McArthur sold 300,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of GBX 260 ($3.27), for a total value of £780,000 ($981,502.45). 44.43% of the stock is currently owned by insiders.

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.