Beeks Financial Cloud Group (LON:BKS) Shares Down 7.3% – Here’s What Happened

Shares of Beeks Financial Cloud Group plc (LON:BKS) were down 7.3% during trading on Tuesday . The company traded as low as GBX 197.11 and last traded at GBX 198.25. Approximately 102,447 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 258,690 shares. The stock had previously closed at GBX 213.88.

Analysts Set New Price Targets

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 report on Thursday, December 18th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of GBX 335.

Beeks Financial Cloud Group Price Performance

The company has a debt-to-equity ratio of 13.63, a current ratio of 1.61 and a quick ratio of 1.85. The firm has a market cap of £139.82 million, a PE ratio of 49.76 and a beta of 0.38. The business’s 50 day moving average price is GBX 224.67 and its 200 day moving average price is GBX 224.94.

Insiders Place Their Bets

In other Beeks Financial Cloud Group news, insider Gordon McArthur sold 200,000 shares of the company’s stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of GBX 232, for a total transaction of £464,000. Company insiders own 32.72% 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. Founded in 2011, Beeks Group is listed on the London Stock Exchange (LSE: BKS) and has enjoyed continued growth each year.