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

Begbies Traynor Group plc (LON:BEG) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 97.41 ($1.19) and traded as low as GBX 97.20 ($1.18). Begbies Traynor Group shares last traded at GBX 97.20 ($1.18), with a volume of 1,298,229 shares.

Analyst Upgrades and Downgrades

BEG has been the topic of several research reports. Shore Capital reiterated a “house stock” rating on shares of Begbies Traynor Group in a research report on Tuesday, December 10th. Canaccord Genuity Group upped their target price on Begbies Traynor Group from GBX 148 ($1.80) to GBX 150 ($1.83) and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 150 ($1.83) price target on shares of Begbies Traynor Group in a research report on Thursday, December 12th.

Begbies Traynor Group Stock Performance

The company has a market capitalization of £155.89 million, a PE ratio of 9,840.00, a price-to-earnings-growth ratio of 2.95 and a beta of 0.37. The stock’s fifty day simple moving average is GBX 94.66 and its 200-day simple moving average is GBX 97.35. 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 Cuts Dividend

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

Insider Buying and Selling

In related news, insider Graham McInnes sold 137,200 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of GBX 92 ($1.12), for a total value of £126,224 ($153,575.86). 26.47% of the stock is owned by company insiders.

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.