Begbies Traynor Group (LON:BEG) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Begbies Traynor Group plc (LON:BEG)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 97.69 ($1.20) and traded as low as GBX 95.80 ($1.18). Begbies Traynor Group shares last traded at GBX 97 ($1.19), with a volume of 157,017 shares.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Canaccord Genuity Group increased their price target on shares of Begbies Traynor Group from GBX 148 ($1.82) to GBX 150 ($1.85) and gave the stock a “buy” rating in a report on Tuesday, December 10th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 150 ($1.85) price target on shares of Begbies Traynor Group in a research report on Thursday, December 12th. Finally, Shore Capital reissued a “house stock” rating on shares of Begbies Traynor Group in a report on Tuesday, December 10th.

Begbies Traynor Group Price Performance

The stock has a market capitalization of £152.72 million, a PE ratio of 9,640.00, a P/E/G ratio of 2.95 and a beta of 0.37. The company has a debt-to-equity ratio of 23.79, a current ratio of 1.31 and a quick ratio of 1.35. The stock’s fifty day moving average is GBX 94.01 and its 200-day moving average is GBX 97.60.

Begbies Traynor Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Thursday, April 10th will be given a dividend of GBX 1.40 ($0.02) per share. This represents a dividend yield of 1.51%. The ex-dividend date is Thursday, April 10th. Begbies Traynor Group’s dividend payout ratio (DPR) is presently 40,000.00%.

Insider Buying and Selling

In other Begbies Traynor Group news, insider Graham McInnes sold 137,200 shares of the stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of GBX 92 ($1.13), for a total transaction of £126,224 ($155,314.38). 26.47% of the stock is currently owned by insiders.

About Begbies Traynor Group

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.