Beeks Financial Cloud Group (LON:BKS) Reaches New 12-Month High – Should You Buy?

Shares of Beeks Financial Cloud Group plc (LON:BKS) hit a new 52-week high on Thursday . The stock traded as high as GBX 343 ($4.49) and last traded at GBX 228.80 ($2.99), with a volume of 354815 shares. The stock had previously closed at GBX 219 ($2.87).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 335 ($4.38) target price on shares of Beeks Financial Cloud Group in a research note on Tuesday.

Beeks Financial Cloud Group Price Performance

The stock has a market capitalization of £151.98 million, a P/E ratio of 68.76 and a beta of 0.38. The company has a 50 day moving average of GBX 255.85 and a 200-day moving average of GBX 264.71. The company has a quick ratio of 1.85, a current ratio of 2.09 and a debt-to-equity ratio of 7.72.

Beeks Financial Cloud Group (LON:BKS) last posted its quarterly earnings results on Monday, March 17th. The company reported GBX 0.47 ($0.01) EPS for the quarter. Beeks Financial Cloud Group had a net margin of 7.70% and a return on equity of 6.12%. Sell-side analysts predict that Beeks Financial Cloud Group plc will post 7.3180848 EPS for the current year.

Insider Transactions at Beeks Financial Cloud Group

In other news, insider Andrew William Crawford Meldrum acquired 4,950 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were purchased at an average cost of GBX 218 ($2.85) per share, for a total transaction of £10,791 ($14,124.35). Insiders own 44.43% of the company’s stock.

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.