Begbies Traynor Group (LON:BEG) Stock Crosses Below Two Hundred Day Moving Average - Time to Sell?

Begbies Traynor Group plc (LON:BEG - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 97.24 ($1.20) and traded as low as GBX 91 ($1.12). Begbies Traynor Group shares last traded at GBX 92.60 ($1.14), with a volume of 239,856 shares traded.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Berenberg Bank restated a "buy" rating and issued a GBX 150 ($1.85) 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 report on Tuesday, December 10th. Finally, Canaccord Genuity Group lifted their price objective on Begbies Traynor Group from GBX 148 ($1.83) to GBX 150 ($1.85) and gave the stock a "buy" rating in a report on Tuesday, December 10th.

Begbies Traynor Group Stock Performance

The firm's 50 day simple moving average is GBX 94.79 and its 200-day simple moving average is GBX 97.24. The company has a market capitalization of £147.96 million, a price-to-earnings ratio of 9,340.00, a P/E/G ratio of 2.95 and a beta of 0.37. The company has a debt-to-equity ratio of 23.79, a quick ratio of 1.35 and a current ratio of 1.31.

Begbies Traynor Group (LON:BEG - Get Free Report) last released its earnings results on Tuesday, December 10th. The company reported GBX 5.40 ($0.07) earnings per share (EPS) for the quarter. Begbies Traynor Group had a net margin of 1.06% and a return on equity of 1.78%. Analysts expect that Begbies Traynor Group plc will post 10.1495972 EPS for the current year.

Begbies Traynor Group Cuts Dividend

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

Insider Buying and Selling at Begbies Traynor Group

In other news, insider Graham McInnes sold 137,200 shares of Begbies Traynor Group stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of GBX 92 ($1.14), for a total value of £126,224 ($155,909.09). Corporate insiders own 26.47% of the company's stock.

About Begbies Traynor Group

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.