Beeks Financial Cloud Group (LON:BKS) Trading Up 2.9% – Here’s Why

Shares of Beeks Financial Cloud Group plc (LON:BKS) rose 2.9% during mid-day trading on Thursday . The stock traded as high as GBX 284 ($3.56) and last traded at GBX 283.88 ($3.56). Approximately 129,169 shares changed hands during mid-day trading, a decline of 36% from the average daily volume of 201,372 shares. The stock had previously closed at GBX 276 ($3.46).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 335 ($4.20) price objective on shares of Beeks Financial Cloud Group in a report on Tuesday, October 15th.

Beeks Financial Cloud Group Stock Up 2.9 %

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 stock has a market capitalization of £189.23 million, a price-to-earnings ratio of 28,388.00 and a beta of 0.38. The stock has a 50 day moving average price of GBX 269.17 and a 200 day moving average price of GBX 240.75.

Insider Activity

In related news, insider Gordon McArthur sold 300,000 shares of Beeks Financial Cloud Group stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of GBX 260 ($3.26), for a total transaction of £780,000 ($977,443.61). Insiders own 44.43% of the company’s stock.

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.