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

Beeks Financial Cloud Group plc (LON:BKS)’s share price dropped 7.3% on Tuesday . The stock traded as low as GBX 197.11 and last traded at GBX 198.25. Approximately 102,447 shares were traded 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.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 335 target price on shares of Beeks Financial Cloud Group in a report on Thursday, December 18th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of GBX 335.

Beeks Financial Cloud Group Trading Down 7.3%

The firm has a market cap of £135.21 million, a PE ratio of 48.12 and a beta of 0.38. The firm has a fifty day simple moving average of GBX 225.17 and a two-hundred day simple moving average of GBX 225.08. The company has a current ratio of 1.61, a quick ratio of 1.85 and a debt-to-equity ratio of 13.63.

Insider Activity at Beeks Financial Cloud Group

In other Beeks Financial Cloud Group news, insider Gordon McArthur sold 200,000 shares of Beeks Financial Cloud Group stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of GBX 232, for a total transaction of £464,000. Corporate 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.