Begbies Traynor Group (LON:BEG) Shares Pass Below Two Hundred Day Moving Average - Should You Sell?

Begbies Traynor Group plc (LON:BEG - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 97.41 ($1.19) and traded as low as GBX 97.20 ($1.19). Begbies Traynor Group shares last traded at GBX 97.20 ($1.19), with a volume of 1,298,229 shares trading hands.

Analyst Upgrades and Downgrades

BEG has been the subject of a number of recent analyst reports. Berenberg Bank restated a "buy" rating and set a GBX 150 ($1.84) price target on shares of Begbies Traynor Group in a report on Thursday, December 12th. Shore Capital reaffirmed a "house stock" rating on shares of Begbies Traynor Group in a research note on Tuesday, December 10th. Finally, Canaccord Genuity Group lifted their price target on shares of Begbies Traynor Group from GBX 148 ($1.81) to GBX 150 ($1.84) and gave the company a "buy" rating in a research report on Tuesday, December 10th.

Begbies Traynor Group Stock Performance

The company has a quick ratio of 1.35, a current ratio of 1.31 and a debt-to-equity ratio of 23.79. The firm has a 50-day moving average price of GBX 94.54 and a 200 day moving average price of GBX 97.38. The firm has a market capitalization of £153.98 million, a PE ratio of 9,720.00, a price-to-earnings-growth ratio of 2.95 and a beta of 0.37.

Begbies Traynor Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, May 7th. Investors of record on Thursday, April 10th will be issued a dividend of GBX 1.40 ($0.02) per share. This represents a yield of 1.51%. The ex-dividend date of this dividend is Thursday, April 10th. Begbies Traynor Group's dividend payout ratio (DPR) is 40,000.00%.

Insider Buying and Selling at Begbies Traynor Group

In other Begbies Traynor Group news, insider Graham McInnes sold 137,200 shares of the business's stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of GBX 92 ($1.13), for a total value of £126,224 ($154,440.23). 26.47% of the stock is currently owned by corporate insiders.

Begbies Traynor Group Company Profile

Begbies Traynor Group plc provides various professional services to businesses, professional advisors, large corporations, and financial institutions in the United Kingdom. The company operates through two segments: Insolvency and Advisory Services; and Property Advisory and Transactional Services. It offers business rescue and recovery services, including company administration, creditors' voluntary liquidation, company dissolution and strike off, company voluntary arrangement, compulsory liquidation, the Law of Property Act or fixed charge receiverships, members' voluntary liquidation, partnership liquidation, and personal insolvency services, as well as closure options for insolvent companies.