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

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

Beeks Financial Cloud Group Stock Performance

Shares of LON BKS traded up GBX 10 during midday trading on Wednesday, hitting GBX 190. The company’s stock had a trading volume of 200,188 shares, compared to its average volume of 179,703. The firm 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. The stock has a fifty day moving average price of GBX 207.87 and a 200 day moving average price of GBX 193.72. Beeks Financial Cloud Group has a one year low of GBX 145.50 and a one year high of GBX 330.86.

Insider Buying and Selling

In related news, insider Fraser McDonald sold 50,000 shares of the business’s stock in a transaction that occurred 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 corporate insiders.

Analyst Ratings Changes

Separately, Canaccord Genuity Group dropped their price objective on shares of Beeks Financial Cloud Group from GBX 335 to GBX 300 and set a “buy” rating on the stock in a report on Monday. One research analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price 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.