Beeks Financial Cloud Group (LON:BKS) Reaches New 12-Month High – What’s Next?

Beeks Financial Cloud Group plc (LON:BKS) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 306 ($3.83) and last traded at GBX 301.75 ($3.77), with a volume of 2114675 shares. The stock had previously closed at GBX 292 ($3.65).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 335 ($4.19) price target on shares of Beeks Financial Cloud Group in a research report on Tuesday, October 15th.

Beeks Financial Cloud Group Trading Up 3.3 %

The stock has a 50-day moving average of GBX 279.29 and a 200 day moving average of GBX 261.10. The stock has a market cap of £201.15 million, a PE ratio of 30,175.00 and a beta of 0.38. The company has a quick ratio of 1.85, a current ratio of 2.03 and a debt-to-equity ratio of 10.49.

Insider Buying and Selling

In related news, insider Gordon McArthur sold 300,000 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of GBX 260 ($3.25), for a total transaction of £780,000 ($975,121.89). 44.43% of the stock is currently owned by corporate insiders.

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.