Beeks Financial Cloud Group (LON:BKS) Trading 19.1% Higher – Here’s Why

Beeks Financial Cloud Group plc (LON:BKS) traded up 19.1% during mid-day trading on Wednesday . The stock traded as high as GBX 282 ($3.66) and last traded at GBX 280 ($3.63). 173,277 shares traded hands during trading, a decline of 16% from the average session volume of 206,204 shares. The stock had previously closed at GBX 235 ($3.05).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 335 ($4.34) price target on shares of Beeks Financial Cloud Group in a research report on Tuesday, October 15th.

Beeks Financial Cloud Group Stock Performance

The company has a debt-to-equity ratio of 10.49, a quick ratio of 1.85 and a current ratio of 2.03. The stock’s 50-day moving average is GBX 256.84 and its 200 day moving average is GBX 212.92. The firm has a market cap of £180.65 million, a P/E ratio of 28,000.00 and a beta of 0.38.

About Beeks Financial Cloud Group

Beeks Financial Cloud Group plc, together with its subsidiaries, provides managed cloud computing, connectivity, and analytics services for capital markets and financial services sectors in the United Kingdom, Europe, the United States, and internationally. The company offers on-demand computing solutions, including dedicated and virtual private servers, as well as private portals; managed cloud solutions comprising private, proximity, exchange, hybrid, and public cloud solutions; and analytics solutions, such as MDPlay, analytics as a service, and analytics enterprise.