Beeks Financial Cloud Group (LON:BKS) Trading Down 1.7% – Time to Sell?

Beeks Financial Cloud Group plc (LON:BKS) shares dropped 1.7% during trading 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 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 report on Tuesday, October 15th.

Beeks Financial Cloud Group Stock Performance

The stock has a market capitalization of £182.28 million, a price-to-earnings ratio of 27,344.50 and a beta of 0.38. The company has a debt-to-equity ratio of 10.49, a current ratio of 2.03 and a quick ratio of 1.85. The stock has a 50-day moving average of GBX 276.40 and a 200 day moving average of GBX 253.32.

Insider Transactions at Beeks Financial Cloud Group

In related 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). 44.43% of the stock is owned by corporate insiders.

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.