Beeks Financial Cloud Group (LON:BKS) Shares Down 2.3% – Here’s What Happened

Beeks Financial Cloud Group plc (LON:BKSGet Free Report)’s stock price dropped 2.3% on Thursday . The stock traded as low as GBX 215 and last traded at GBX 215. Approximately 39,178 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 190,274 shares. The stock had previously closed at GBX 220.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 335 price target on shares of Beeks Financial Cloud Group in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Beeks Financial Cloud Group has a consensus rating of “Buy” and an average price target of GBX 335.

Check Out Our Latest Analysis on BKS

Beeks Financial Cloud Group Stock Performance

The firm’s fifty day moving average price is GBX 213.32 and its 200 day moving average price is GBX 191.44. The company has a current ratio of 1.71, a quick ratio of 1.85 and a debt-to-equity ratio of 20.02. The stock has a market capitalization of £152.73 million, a price-to-earnings ratio of 196.05 and a beta of 0.35.

Insider Buying and Selling

In other news, insider Fraser McDonald sold 50,000 shares of the firm’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of GBX 210, for a total transaction of £105,000. 32.66% of the stock is owned by company insiders.

Beeks Financial Cloud Group Company Profile

(Get Free Report)

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.

Further Reading

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