Begbies Traynor Group (LON:BEG) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

Begbies Traynor Group plc (LON:BEG) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 100.60 ($1.27) and traded as low as GBX 92.40 ($1.16). Begbies Traynor Group shares last traded at GBX 93.60 ($1.18), with a volume of 63,539 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Shore Capital reaffirmed a “house stock” rating on shares of Begbies Traynor Group in a research note on Tuesday, September 17th. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 158 ($1.99) price target on shares of Begbies Traynor Group in a report on Tuesday, September 17th.

Begbies Traynor Group Stock Up 0.6 %

The company has a debt-to-equity ratio of 23.79, a quick ratio of 1.35 and a current ratio of 1.31. The company has a market cap of £148.28 million, a price-to-earnings ratio of 9,360.00, a price-to-earnings-growth ratio of 2.95 and a beta of 0.37. The business has a 50-day simple moving average of GBX 95.49 and a 200-day simple moving average of GBX 100.48.

Insider Activity at Begbies Traynor Group

In other news, insider Graham McInnes sold 137,200 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of GBX 92 ($1.16), for a total value of £126,224 ($159,072.46). Company insiders own 26.47% of the company’s stock.

Begbies Traynor Group Company Profile

Begbies Traynor Group plc provides various professional services to businesses, professional advisors, large corporations, and financial institutions in the United Kingdom. The company operates through two segments: Insolvency and Advisory Services; and Property Advisory and Transactional Services. It offers business rescue and recovery services, including company administration, creditors' voluntary liquidation, company dissolution and strike off, company voluntary arrangement, compulsory liquidation, the Law of Property Act or fixed charge receiverships, members' voluntary liquidation, partnership liquidation, and personal insolvency services, as well as closure options for insolvent companies.