Beeks Financial Cloud Group (LON:BKS) Reaches New 12-Month High – Time to Buy?

Shares of Beeks Financial Cloud Group plc (LON:BKS) hit a new 52-week high during trading on Thursday . The company traded as high as GBX 294 ($3.75) and last traded at GBX 286 ($3.65), with a volume of 167871 shares trading hands. The stock had previously closed at GBX 282 ($3.60).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 335 ($4.27) target price on shares of Beeks Financial Cloud Group in a report on Tuesday, October 15th.

Beeks Financial Cloud Group Trading Up 4.9 %

The firm has a market cap of £199.98 million, a price-to-earnings ratio of 30,000.00 and a beta of 0.38. The company has a quick ratio of 1.85, a current ratio of 2.03 and a debt-to-equity ratio of 10.49. The business has a 50 day moving average price of GBX 261.80 and a 200-day moving average price of GBX 230.03.

Insiders Place Their Bets

In other Beeks Financial Cloud Group news, insider Gordon McArthur sold 300,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of GBX 260 ($3.31), for a total value of £780,000 ($994,390.62). 44.43% of the stock is owned by company insiders.

About Beeks Financial Cloud Group

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.