Beeks Financial Cloud Group (LON:BKS) Reaches New 52-Week High – Here’s Why

Beeks Financial Cloud Group plc (LON:BKS)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 343 ($4.49) and last traded at GBX 228.80 ($2.99), with a volume of 354815 shares. The stock had previously closed at GBX 219 ($2.87).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 335 ($4.38) price target on shares of Beeks Financial Cloud Group in a research note on Tuesday.

Beeks Financial Cloud Group Price Performance

The company has a market cap of £151.98 million, a price-to-earnings ratio of 68.76 and a beta of 0.38. The company’s 50 day moving average price is GBX 255.85 and its 200-day moving average price is GBX 264.71. The company has a debt-to-equity ratio of 7.72, a quick ratio of 1.85 and a current ratio of 2.09.

Beeks Financial Cloud Group (LON:BKS) last posted its quarterly earnings results on Monday, March 17th. The company reported GBX 0.47 ($0.01) earnings per share (EPS) for the quarter. Beeks Financial Cloud Group had a return on equity of 6.12% and a net margin of 7.70%. On average, equities research analysts forecast that Beeks Financial Cloud Group plc will post 7.3180848 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Andrew William Crawford Meldrum purchased 4,950 shares of Beeks Financial Cloud Group stock in a transaction that occurred on Monday, March 24th. The stock was acquired at an average price of GBX 218 ($2.85) per share, for a total transaction of £10,791 ($14,124.35). 44.43% of the stock is currently 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.