Beeks Financial Cloud Group (LON:BKS) Shares Down 2.4% – Here’s What Happened

Beeks Financial Cloud Group plc (LON:BKS)’s share price dropped 2.4% on Wednesday . The company traded as low as GBX 200 and last traded at GBX 200. Approximately 40,337 shares traded hands during trading, a decline of 81% from the average session volume of 209,493 shares. The stock had previously closed at GBX 205.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 335 target price on shares of Beeks Financial Cloud Group in a research note on Wednesday, June 10th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 335.

Beeks Financial Cloud Group Stock Performance

The company has a 50-day moving average of GBX 177.63 and a 200 day moving average of GBX 197.11. The company has a quick ratio of 1.85, a current ratio of 1.71 and a debt-to-equity ratio of 20.02. The firm has a market capitalization of £136.67 million, a PE ratio of 175.44 and a beta of 0.39.

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. Founded in 2011, Beeks Group is listed on the London Stock Exchange (LSE: BKS) and has enjoyed continued growth each year.