Beeks Financial Cloud Group (LON:BKS) Share Price Breaks Above 200-Day Moving Average - Should You Sell?

Key Points

• Beeks Financial Cloud Group shares rose above their 200-day moving average, reaching GBX 201.80 before last trading at GBX 200, up 5.3% with 184,011 shares traded.
• Canaccord Genuity lowered its price target from GBX 335 to GBX 300 but maintained a Buy rating. The stock has one analyst rating and a consensus target of GBX 300.
• The company reported quarterly EPS of GBX 8.40, with an 8.29% net margin and 7.23% return on equity; however, its P/E ratio remains elevated at 175.44.

Beeks Financial Cloud Group plc (LON:BKS - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of GBX 197.13 and traded as high as GBX 201.80. Beeks Financial Cloud Group shares last traded at GBX 200, with a volume of 184,011 shares trading hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group decreased their target price on shares of Beeks Financial Cloud Group from GBX 335 to GBX 300 and set a "buy" rating on the stock in a research note on Monday, October 19th. One equities research analyst has rated the stock with a Buy rating. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of GBX 300.

Beeks Financial Cloud Group Trading Up 5.3%

The company has a debt-to-equity ratio of 19.92, a quick ratio of 1.85 and a current ratio of 1.75. The stock has a market capitalization of £137.63 million, a P/E ratio of 175.44 and a beta of 0.35. The stock has a 50-day moving average price of GBX 202.64 and a two-hundred day moving average price of GBX 197.13.

Beeks Financial Cloud Group (LON:BKS - Get Free Report) last posted its quarterly earnings data on Monday, October 19th. The company reported GBX 8.40 earnings per share (EPS) for the quarter. Beeks Financial Cloud Group had a return on equity of 7.23% and a net margin of 8.29%. On average, research analysts forecast that Beeks Financial Cloud Group plc will post 7.32 EPS for the current fiscal year.

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. Founded in 2011, Beeks Group is listed on the London Stock Exchange LSE: BKS and has enjoyed continued growth each year.

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