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

Beeks Financial Cloud Group (LON:BKS) released its earnings results on Monday. The company reported GBX 8.40 earnings per share 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 Stock Up 0.3%

LON BKS traded up GBX 0.55 during trading hours on Friday, reaching GBX 186.55. 165,696 shares of the company’s stock traded hands, compared to its average volume of 179,872. The company has a debt-to-equity ratio of 19.92, a current ratio of 1.75 and a quick ratio of 1.85. The firm has a market cap of £128.38 million, a PE ratio of 163.64 and a beta of 0.35. The firm has a 50-day simple moving average of GBX 206.57 and a 200 day simple moving average of GBX 194.14. Beeks Financial Cloud Group has a 52-week low of GBX 145.50 and a 52-week high of GBX 330.86.

Insiders Place Their Bets

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

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reduced their target price on Beeks Financial Cloud Group from GBX 335 to GBX 300 and set a “buy” rating for the company in a report on Monday. One research 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 a consensus target price of GBX 300.

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