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

Begbies Traynor Group plc (LON:BEG) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 100.60 ($1.27) and traded as low as GBX 92.40 ($1.16). Begbies Traynor Group shares last traded at GBX 93.60 ($1.18), with a volume of 63,539 shares traded.

Wall Street Analyst Weigh In

BEG has been the subject of a number of recent analyst reports. Shore Capital reissued a “house stock” rating on shares of Begbies Traynor Group in a research note on Tuesday, September 17th. Canaccord Genuity Group restated a “buy” rating and issued a GBX 158 ($1.99) price objective on shares of Begbies Traynor Group in a report on Tuesday, September 17th.

Begbies Traynor Group Price Performance

The stock has a market capitalization of £148.28 million, a P/E ratio of 9,360.00, 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 current ratio of 1.31 and a quick ratio of 1.35. The firm has a fifty day moving average of GBX 95.49 and a two-hundred day moving average of GBX 100.48.

Insiders Place Their Bets

In other news, insider Graham McInnes sold 137,200 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of GBX 92 ($1.16), for a total transaction of £126,224 ($159,072.46). 26.47% of the stock is currently owned by corporate insiders.

Begbies Traynor Group Company Profile

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.