Begbies Traynor Group (LON:BEG) Shares Cross Below Two Hundred Day Moving Average of $113.47

Begbies Traynor Group plc (LON:BEG)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 113.47 ($1.40) and traded as low as GBX 104.50 ($1.29). Begbies Traynor Group shares last traded at GBX 105 ($1.30), with a volume of 715,910 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 175 ($2.16) price target on shares of Begbies Traynor Group in a research report on Monday, February 26th.

Begbies Traynor Group Price Performance

The company has a current ratio of 1.33, a quick ratio of 1.35 and a debt-to-equity ratio of 21.73. The stock has a 50-day simple moving average of GBX 109.56 and a 200-day simple moving average of GBX 113.40. The company has a market cap of £167.44 million, a price-to-earnings ratio of 5,675.00, a price-to-earnings-growth ratio of 2.95 and a beta of 0.31.

Begbies Traynor Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, May 7th. Investors of record on Thursday, April 11th will be paid a dividend of GBX 1.30 ($0.02) per share. The ex-dividend date is Thursday, April 11th. This represents a yield of 1.11%.

Insiders Place Their Bets

In other news, insider Nick Taylor sold 120,000 shares of the firm’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of GBX 114 ($1.41), for a total transaction of £136,800 ($168,972.33). 26.65% of the stock is owned by company insiders.

Begbies Traynor Group Company Profile

Begbies Traynor Group plc provides various professional services to businesses, professional advisors, large corporations, and financial institutions in the United Kingdom. The company operates through two segments: Insolvency and Advisory Services; and Property Advisory and Transactional Services. It offers business rescue and recovery services, including company administration, creditors' voluntary liquidation, company dissolution and strike off, company voluntary arrangement, compulsory liquidation, the Law of Property Act or fixed charge receiverships, members' voluntary liquidation, partnership liquidation, and personal insolvency services, as well as closure options for insolvent companies.