Begbies Traynor Group (LON:BEG) Stock Passes Below 200-Day Moving Average – Time to Sell?

Begbies Traynor Group plc (LON:BEG) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 100.60 ($1.27) and traded as low as GBX 92.40 ($1.16). Begbies Traynor Group shares last traded at GBX 93.60 ($1.18), with a volume of 63,539 shares changing hands.

Analyst Ratings Changes

Several research analysts have recently weighed in on BEG shares. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 158 ($1.99) price target on shares of Begbies Traynor Group in a research note on Tuesday, September 17th. Shore Capital reiterated a “house stock” rating on shares of Begbies Traynor Group in a report on Tuesday, September 17th.

Begbies Traynor Group Price Performance

The company has a debt-to-equity ratio of 23.79, a current ratio of 1.31 and a quick ratio of 1.35. The stock has a market capitalization of £148.28 million, a PE ratio of 9,360.00, a P/E/G ratio of 2.95 and a beta of 0.37. The stock’s fifty day moving average is GBX 95.62 and its 200-day moving average is GBX 100.60.

Insider Buying and Selling

In other Begbies Traynor Group news, insider Graham McInnes sold 137,200 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of GBX 92 ($1.16), for a total value of £126,224 ($159,072.46). 26.47% of the stock is currently owned by company insiders.

About Begbies Traynor Group

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.