Beeks Financial Cloud Group (LON:BKS) Hits New 52-Week High – Should You Buy?

Beeks Financial Cloud Group plc (LON:BKS)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 306 ($3.80) and last traded at GBX 301.75 ($3.74), with a volume of 2114675 shares changing hands. The stock had previously closed at GBX 292 ($3.62).

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 335 ($4.16) price objective on shares of Beeks Financial Cloud Group in a research report on Tuesday, October 15th.

Beeks Financial Cloud Group Stock Up 0.3 %

The business’s fifty day simple moving average is GBX 279.98 and its two-hundred day simple moving average is GBX 261.39. The company has a market cap of £201.31 million, a PE ratio of 30,200.00 and a beta of 0.38. 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 at Beeks Financial Cloud Group

In other Beeks Financial Cloud Group news, insider Gordon McArthur sold 300,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of GBX 260 ($3.23), for a total transaction of £780,000 ($967,621.88). 44.43% of the stock is owned by company insiders.

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.