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

Beeks Financial Cloud Group (LON:BKS) announced its quarterly earnings results on Monday. The company reported GBX 8.40 earnings per share (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 Price Performance

BKS opened at GBX 183.95 on Friday. The stock has a fifty day simple moving average of GBX 206.57 and a two-hundred day simple moving average of GBX 194.14. 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 company has a market cap of £126.59 million, a price-to-earnings ratio of 161.36 and a beta of 0.35. Beeks Financial Cloud Group has a 12-month low of GBX 145.50 and a 12-month high of GBX 330.86.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reduced 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 note on Monday. One research analyst has rated the stock with a Buy rating. According to data from MarketBeat, Beeks Financial Cloud Group currently has a consensus rating of “Buy” and a consensus target price of GBX 300.

Insiders Place Their Bets

In other Beeks Financial Cloud Group news, insider Fraser McDonald sold 50,000 shares of the firm’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. Company insiders own 32.43% of the company’s stock.

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.