Begbies Traynor Group (LON:BEG) Shares Pass Below 200-Day Moving Average – Should You Sell?

Begbies Traynor Group plc (LON:BEG) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-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 changing hands.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BEG. Shore Capital reaffirmed a “house stock” rating on shares of Begbies Traynor Group in a research report on Tuesday, December 10th. Canaccord Genuity Group upped their price objective 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. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 150 ($1.85) target price on shares of Begbies Traynor Group in a report on Thursday, December 12th.

Begbies Traynor Group Stock Down 0.2 %

The business’s fifty day moving average is GBX 94.01 and its two-hundred day moving average is GBX 97.60. The company has a quick ratio of 1.35, a current ratio of 1.31 and a debt-to-equity ratio of 23.79. The stock has a market cap of £152.72 million, a price-to-earnings ratio of 9,640.00, a PEG ratio of 2.95 and a beta of 0.37.

Begbies Traynor Group Cuts Dividend

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

Insider Activity at Begbies Traynor Group

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