Begbies Traynor Group (LON:BEG) Hits New 52-Week Low – Should You Sell?

Begbies Traynor Group plc (LON:BEG) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 95 ($1.24) and last traded at GBX 96 ($1.26), with a volume of 1095444 shares changing hands. The stock had previously closed at GBX 97.40 ($1.27).

Wall Street Analyst Weigh In

Several research firms have commented on BEG. Canaccord Genuity Group restated a “buy” rating and issued a GBX 158 ($2.07) price objective on shares of Begbies Traynor Group in a research report on Tuesday, September 17th. Shore Capital restated a “house stock” rating on shares of Begbies Traynor Group in a research report on Tuesday, September 17th.

Begbies Traynor Group Stock Performance

The stock has a fifty day moving average of GBX 100.63 and a 200-day moving average of GBX 103.29. The stock has a market capitalization of £140.24 million, a PE ratio of 8,860.00, a price-to-earnings-growth ratio of 2.95 and a beta of 0.37. The company has a quick ratio of 1.35, a current ratio of 1.31 and a debt-to-equity ratio of 23.79.

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.