Beeks Financial Cloud Group (LON:BKS) Stock Price Down 2% - Here's What Happened

Shares of Beeks Financial Cloud Group plc (LON:BKS - Get Free Report) traded down 2% during mid-day trading on Friday . The stock traded as low as GBX 212 ($2.88) and last traded at GBX 214.53 ($2.92). 96,923 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 248,870 shares. The stock had previously closed at GBX 219 ($2.98).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued a "buy" rating and set a GBX 335 ($4.55) target price on shares of Beeks Financial Cloud Group in a research note on Tuesday, April 8th.

Beeks Financial Cloud Group Stock Performance

The company has a market capitalization of £146.82 million, a price-to-earnings ratio of 66.43 and a beta of 0.38. The firm has a fifty day simple moving average of GBX 216.81 and a 200 day simple moving average of GBX 243.60. The company has a debt-to-equity ratio of 7.72, a current ratio of 2.09 and a quick ratio of 1.85.

Insider Transactions at Beeks Financial Cloud Group

In other Beeks Financial Cloud Group news, insider Gordon McArthur sold 260,000 shares of the stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of GBX 214 ($2.91), for a total transaction of £556,400 ($756,389.34). Corporate insiders own 44.43% of the company's stock.

Beeks Financial Cloud Group Company Profile

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.