Begbies Traynor Group (LON:BEG) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

Begbies Traynor Group plc (LON:BEG)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 97.24 ($1.21) and traded as low as GBX 91 ($1.14). Begbies Traynor Group shares last traded at GBX 92.60 ($1.16), with a volume of 239,856 shares.

Analyst Ratings Changes

BEG has been the topic of a number of recent analyst reports. Berenberg Bank restated a “buy” rating and set a GBX 150 ($1.87) target price on shares of Begbies Traynor Group in a research note on Thursday, December 12th. Shore Capital restated a “house stock” rating on shares of Begbies Traynor Group in a research report on Tuesday, December 10th. Finally, Canaccord Genuity Group upped their target price on shares of Begbies Traynor Group from GBX 148 ($1.85) to GBX 150 ($1.87) and gave the stock a “buy” rating in a report on Tuesday, December 10th.

Begbies Traynor Group Trading Up 0.9 %

The company has a debt-to-equity ratio of 23.79, a quick ratio of 1.35 and a current ratio of 1.31. The stock has a fifty day moving average of GBX 94.79 and a 200 day moving average of GBX 97.19. The company has a market capitalization of £147.96 million, a PE ratio of 9,340.00, a PEG ratio of 2.95 and a beta of 0.37.

Begbies Traynor Group (LON:BEG) last issued its earnings results on Tuesday, December 10th. The company reported GBX 5.40 ($0.07) earnings per share for the quarter. Begbies Traynor Group had a net margin of 1.06% and a return on equity of 1.78%. As a group, sell-side analysts predict that Begbies Traynor Group plc will post 10.1495972 earnings per share for the current fiscal year.

Begbies Traynor Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Thursday, April 10th will be given 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 payout ratio is 40,000.00%.

Insider Transactions at Begbies Traynor Group

In related news, insider Graham McInnes sold 137,200 shares of the company’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of GBX 92 ($1.15), for a total transaction of £126,224 ($157,602.70). 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.