Begbies Traynor Group (LON:BEG) Hits New 12-Month Low at $104.50

Begbies Traynor Group plc (LON:BEG - Get Free Report)'s share price reached a new 52-week low on Friday . The company traded as low as GBX 104.50 ($1.32) and last traded at GBX 106.28 ($1.35), with a volume of 182934 shares trading hands. The stock had previously closed at GBX 107.50 ($1.36).

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a "buy" rating and issued a GBX 175 ($2.21) price target on shares of Begbies Traynor Group in a research note on Monday, February 26th.

Begbies Traynor Group Stock Performance

The company has a quick ratio of 1.35, a current ratio of 1.33 and a debt-to-equity ratio of 21.73. The stock has a fifty day moving average of GBX 110.90 and a 200-day moving average of GBX 113.80. The stock has a market cap of £167.44 million, a PE ratio of 5,675.00, a price-to-earnings-growth ratio of 2.95 and a beta of 0.31.

Begbies Traynor Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, May 7th. Investors of record on Thursday, April 11th will be issued a dividend of GBX 1.30 ($0.02) per share. This represents a dividend yield of 1.11%. The ex-dividend date is Thursday, April 11th.

Insider Buying and Selling

In other Begbies Traynor Group news, insider Nick Taylor sold 120,000 shares of Begbies Traynor Group stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of GBX 114 ($1.44), for a total value of £136,800 ($173,142.64). Corporate insiders own 26.47% of the company's stock.

About Begbies Traynor Group

Begbies Traynor Group plc provides various professional services to businesses, professional advisors, large corporations, and financial institutions in the United Kingdom. The company operates through two segments: Insolvency and Advisory Services; and Property Advisory and Transactional Services. It offers business rescue and recovery services, including company administration, creditors' voluntary liquidation, company dissolution and strike off, company voluntary arrangement, compulsory liquidation, the Law of Property Act or fixed charge receiverships, members' voluntary liquidation, partnership liquidation, and personal insolvency services, as well as closure options for insolvent companies.