Beeks Financial Cloud Group (LON:BKS) Trading Down 22% – What’s Next?

Beeks Financial Cloud Group plc (LON:BKS) dropped 22% during mid-day trading on Tuesday . The stock traded as low as GBX 194.25 ($2.52) and last traded at GBX 198 ($2.57). Approximately 2,016,150 shares were traded during trading, an increase of 574% from the average daily volume of 299,003 shares. The stock had previously closed at GBX 254 ($3.30).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 335 ($4.35) price objective on shares of Beeks Financial Cloud Group in a report on Monday.

Beeks Financial Cloud Group Stock Performance

The stock has a market cap of £129.43 million, a price-to-earnings ratio of 58.56 and a beta of 0.38. The company has a current ratio of 2.09, a quick ratio of 1.85 and a debt-to-equity ratio of 7.72. The firm has a fifty day simple moving average of GBX 279.65 and a 200-day simple moving average of GBX 270.64.

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%. Analysts forecast that Beeks Financial Cloud Group plc will post 7.3180848 EPS for the current fiscal year.

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.