Beeks Financial Cloud Group (LON:BKS) Stock Price Down 22% - What's Next?

Beeks Financial Cloud Group plc (LON:BKS - Get Free Report)'s share price dropped 22% on Tuesday . The stock traded as low as GBX 194.25 ($2.52) and last traded at GBX 198 ($2.57). Approximately 2,016,150 shares traded hands during trading, an increase of 574% from the average daily volume of 299,003 shares. The stock had previously closed at GBX 254 ($3.29).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a "buy" rating and set a GBX 335 ($4.34) price target on shares of Beeks Financial Cloud Group in a research report on Monday.

Beeks Financial Cloud Group Stock Up 5.3 %

The firm has a fifty day moving average price of GBX 275.46 and a 200-day moving average price of GBX 269.45. The company has a quick ratio of 1.85, a current ratio of 2.09 and a debt-to-equity ratio of 7.72. The firm has a market cap of £142.50 million, a price-to-earnings ratio of 64.47 and a beta of 0.38.

Beeks Financial Cloud Group (LON:BKS - Get Free Report) last posted its quarterly earnings data on Monday, March 17th. The company reported GBX 0.47 ($0.01) earnings per share (EPS) for the quarter. Beeks Financial Cloud Group had a return on equity of 6.12% and a net margin of 7.70%. As a group, sell-side analysts forecast that Beeks Financial Cloud Group plc will post 7.3180848 EPS for the current year.

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.