Beeks Financial Cloud Group (LON:BKS) Trading Up 0.4% - What's Next?

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).

Shares of Beeks Financial Cloud Group plc (LON:BKS - Get Free Report) were up 0.4% during trading on Monday . The stock traded as high as GBX 233 ($3.10) and last traded at GBX 228 ($3.03). Approximately 105,290 shares were traded 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 ($3.02).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a "buy" rating and issued a GBX 335 ($4.45) target price on shares of Beeks Financial Cloud Group in a research report on Monday, July 14th.

Beeks Financial Cloud Group Trading Up 0.4%

The company has a market cap of £149.04 million, a price-to-earnings ratio of 67.43 and a beta of 0.38. The company has a debt-to-equity ratio of 7.72, a quick ratio of 1.85 and a current ratio of 2.09. The business's 50 day moving average price is GBX 219.76 and its 200-day moving average price is GBX 235.64.

Insider Activity

In other 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 ($2.84), for a total value of £556,400 ($739,500.27). 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.

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