Beeks Financial Cloud Group (LON:BKS) Stock Price Down 1.7% – Here’s What Happened

Beeks Financial Cloud Group plc (LON:BKS) shares dropped 1.7% on Thursday . The stock traded as low as GBX 273.25 ($3.32) and last traded at GBX 273.33 ($3.33). Approximately 69,277 shares changed hands during mid-day trading, a decline of 29% from the average daily volume of 97,575 shares. The stock had previously closed at GBX 278 ($3.38).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 335 ($4.08) price objective on shares of Beeks Financial Cloud Group in a research note on Tuesday, October 15th.

Beeks Financial Cloud Group Price Performance

The stock’s 50-day moving average price is GBX 276.40 and its 200 day moving average price is GBX 253.32. The firm has a market cap of £182.28 million, a price-to-earnings ratio of 27,344.50 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.

Insider Buying and Selling at Beeks Financial Cloud Group

In other Beeks Financial Cloud Group news, insider Gordon McArthur sold 300,000 shares of Beeks Financial Cloud Group stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of GBX 260 ($3.16), for a total transaction of £780,000 ($949,020.56). Company insiders own 44.43% of the company’s stock.

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.