Beeks Financial Cloud Group (LON:BKS) Reaches New 12-Month High at $195.00

Beeks Financial Cloud Group plc (LON:BKS - Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 195 ($2.47) and last traded at GBX 190 ($2.40), with a volume of 124103 shares changing hands. The stock had previously closed at GBX 191 ($2.42).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group increased their price objective on shares of Beeks Financial Cloud Group from GBX 220 ($2.78) to GBX 260 ($3.29) and gave the company a "buy" rating in a report on Tuesday, March 5th.

Beeks Financial Cloud Group Stock Performance

The firm has a market capitalization of £126.55 million, a P/E ratio of 19,200.00 and a beta of 0.20. The firm has a 50-day moving average price of GBX 166.39 and a two-hundred day moving average price of GBX 124.16. The company has a debt-to-equity ratio of 10.49, a current ratio of 2.03 and a quick ratio of 1.85.

Insider Activity

In other news, insider Gordon McArthur sold 2,200,000 shares of the firm's stock in a transaction on Friday, March 22nd. The stock was sold at an average price of GBX 165 ($2.09), for a total transaction of £3,630,000 ($4,594,355.14). Insiders own 44.69% of the company's stock.

Beeks Financial Cloud Group Company Profile

Beeks Financial Cloud Group plc, together with its subsidiaries, provides managed cloud computing, connectivity, and analytics services for capital markets and financial services sectors in the United Kingdom, Europe, the United States, and internationally. The company offers on-demand computing solutions, including dedicated and virtual private servers, as well as private portals; managed cloud solutions comprising private, proximity, exchange, hybrid, and public cloud solutions; and analytics solutions, such as MDPlay, analytics as a service, and analytics enterprise.