Beeks Financial Cloud Group (LON:BKS) Announces Quarterly Earnings Results

Beeks Financial Cloud Group (LON:BKS) announced its quarterly earnings results on Monday. The company reported GBX 8.40 EPS for the quarter, Digital Look Earnings reports. Beeks Financial Cloud Group had a net margin of 8.29% and a return on equity of 7.23%.

Beeks Financial Cloud Group Price Performance

Shares of BKS stock traded up GBX 10 on Wednesday, reaching GBX 190. The company’s stock had a trading volume of 200,188 shares, compared to its average volume of 179,703. The stock’s fifty day simple moving average is GBX 207.25 and its 200-day simple moving average is GBX 193.95. Beeks Financial Cloud Group has a 1 year low of GBX 145.50 and a 1 year high of GBX 330.86. The company has a market capitalization of £130.75 million, a price-to-earnings ratio of 166.67 and a beta of 0.35. The company has a current ratio of 1.75, a quick ratio of 1.85 and a debt-to-equity ratio of 19.92.

Insider Transactions at Beeks Financial Cloud Group

In other Beeks Financial Cloud Group news, insider Fraser McDonald sold 50,000 shares of the stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of GBX 210, for a total transaction of £105,000. 32.43% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, Canaccord Genuity Group decreased their target price on Beeks Financial Cloud Group from GBX 335 to GBX 300 and set a “buy” rating on the stock in a research report on Monday. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, Beeks Financial Cloud Group currently has an average rating of “Buy” and an average price target of GBX 300.

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