Beeks Financial Cloud Group (LON:BKS) Trading 19.1% Higher – Here’s Why

Beeks Financial Cloud Group plc (LON:BKS) rose 19.1% on Wednesday . The company traded as high as GBX 282 ($3.66) and last traded at GBX 280 ($3.63). Approximately 173,277 shares were traded during mid-day trading, a decline of 16% from the average daily volume of 206,204 shares. The stock had previously closed at GBX 235 ($3.05).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 335 ($4.34) target price on shares of Beeks Financial Cloud Group in a research note on Tuesday, October 15th.

Beeks Financial Cloud Group Stock Performance

The stock’s 50 day moving average price is GBX 256.84 and its 200 day moving average price is GBX 212.92. The company has a current ratio of 2.03, a quick ratio of 1.85 and a debt-to-equity ratio of 10.49. The company has a market capitalization of £180.65 million, a price-to-earnings ratio of 28,000.00 and a beta of 0.38.

Beeks Financial Cloud Group Company Profile

Beeks Financial Cloud Group plc, together with its subsidiaries, provides managed cloud computing, connectivity, and analytics services for capital markets and financial services sectors in the United Kingdom, Europe, the United States, and internationally. The company offers on-demand computing solutions, including dedicated and virtual private servers, as well as private portals; managed cloud solutions comprising private, proximity, exchange, hybrid, and public cloud solutions; and analytics solutions, such as MDPlay, analytics as a service, and analytics enterprise.