Beeks Financial Cloud Group (LON:BKS) Releases Earnings Results

Beeks Financial Cloud Group (LON:BKS) issued its quarterly earnings data on Monday. The company reported GBX 8.40 earnings per share 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 Up 1.6%

Shares of LON BKS traded up GBX 3 during mid-day trading on Friday, hitting GBX 189. The company had a trading volume of 148,712 shares, compared to its average volume of 179,789. The firm has a 50-day simple moving average of GBX 206.57 and a two-hundred day simple moving average of GBX 194.14. The company has a market capitalization of £130.06 million, a PE ratio of 165.79 and a beta of 0.35. Beeks Financial Cloud Group has a one year low of GBX 145.50 and a one year high of GBX 330.86. 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 Buying and Selling

In other news, insider Fraser McDonald sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of GBX 210, for a total transaction of £105,000. Corporate insiders own 32.43% of the company’s stock.

Analysts Set New Price Targets

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