Begbies Traynor Group (LON:BEG) Stock Crosses Below Two Hundred Day Moving Average of $113.47

Begbies Traynor Group plc (LON:BEG - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 113.47 ($1.40) and traded as low as GBX 104.50 ($1.29). Begbies Traynor Group shares last traded at GBX 105 ($1.30), with a volume of 715,910 shares.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 175 ($2.16) target price on shares of Begbies Traynor Group in a report on Monday, February 26th.

Begbies Traynor Group Price Performance

The company has a debt-to-equity ratio of 21.73, a current ratio of 1.33 and a quick ratio of 1.35. 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. The stock's fifty day moving average is GBX 109.83 and its 200-day moving average is GBX 113.47.

Begbies Traynor Group Cuts Dividend

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

Insiders Place Their Bets

In other Begbies Traynor Group news, insider Nick Taylor sold 120,000 shares of the stock in a transaction dated Friday, January 26th. The shares were sold at an average price of GBX 114 ($1.41), for a total transaction of £136,800 ($168,972.33). 26.65% of the stock is currently owned by insiders.

Begbies Traynor Group Company Profile

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.