Begbies Traynor Group (LON:BEG) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Begbies Traynor Group plc (LON:BEG)’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.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 150 ($1.84) price objective on shares of Begbies Traynor Group in a research note on Thursday, December 12th. Canaccord Genuity Group boosted their target price on 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. Finally, Shore Capital reissued a “house stock” rating on shares of Begbies Traynor Group in a research report on Tuesday, December 10th.

Begbies Traynor Group Trading Up 2.4 %

The stock has a market cap of £157.65 million, a P/E ratio of 9,951.20, a P/E/G ratio of 2.95 and a beta of 0.37. The company has a current ratio of 1.31, a quick ratio of 1.35 and a debt-to-equity ratio of 23.79. The company has a 50-day moving average price of GBX 94.42 and a two-hundred day moving average price of GBX 97.41.

Begbies Traynor Group Cuts Dividend

The business also recently announced 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. This represents a dividend yield of 1.51%. The ex-dividend date is Thursday, April 10th. Begbies Traynor Group’s dividend payout ratio is currently 40,000.00%.

Insider Activity

In other Begbies Traynor Group 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 ($1.13), for a total value of £126,224 ($154,496.94). 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.