Beeks Financial Cloud Group (LON:BKS) Stock Price Up 0.4% - Here's Why

Key Points

• Shares of Beeks Financial Cloud Group increased by 0.4% to GBX 228 ($3.03) despite a significant drop in trading volume by 53% from average levels.
• Canaccord Genuity Group reaffirmed a "buy" rating for Beeks with a target price of GBX 335 ($4.45), signaling positive growth expectations.
• Insider Gordon McArthur sold 260,000 shares at an average price of GBX 214 ($2.84), equating to a transaction worth £556,400 ($739,500.27).

Beeks Financial Cloud Group plc (LON:BKS - Get Free Report) was up 0.4% during mid-day trading on Monday . The stock traded as high as GBX 233 ($3.13) and last traded at GBX 228 ($3.07). Approximately 105,290 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 226,398 shares. The stock had previously closed at GBX 227 ($3.05).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 335 ($4.51) target price on shares of Beeks Financial Cloud Group in a research note on Monday, July 14th.

Beeks Financial Cloud Group Stock Performance

The company has a debt-to-equity ratio of 7.72, a current ratio of 2.09 and a quick ratio of 1.85. The stock has a market cap of £143.16 million, a P/E ratio of 64.77 and a beta of 0.38. The stock's 50 day simple moving average is GBX 220.87 and its two-hundred day simple moving average is GBX 235.12.

Insider Activity

In other news, insider Gordon McArthur sold 260,000 shares of Beeks Financial Cloud Group stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of GBX 214 ($2.88), for a total value of £556,400 ($748,251.75). 44.43% of the stock is owned by company 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.