Begbies Traynor Group (LON:BEG) Shares Cross Below Two Hundred Day Moving Average of $113.47

Begbies Traynor Group plc (LON:BEG) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 113.47 ($1.40) and traded as low as GBX 104.50 ($1.29). Begbies Traynor Group shares last traded at GBX 105 ($1.30), with a volume of 715,910 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 175 ($2.16) price target on shares of Begbies Traynor Group in a research report on Monday, February 26th.

Begbies Traynor Group Price Performance

The stock has a 50-day moving average of GBX 109.56 and a 200 day moving average of GBX 113.40. The company has a market cap of £167.44 million, a P/E ratio of 5,675.00, a PEG ratio of 2.95 and a beta of 0.31. The company has a debt-to-equity ratio of 21.73, a current ratio of 1.33 and a quick ratio of 1.35.

Begbies Traynor Group Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, May 7th. Investors of record on Thursday, April 11th will be paid a GBX 1.30 ($0.02) dividend. This represents a yield of 1.11%. The ex-dividend date of this dividend is Thursday, April 11th.

Insider Activity at Begbies Traynor Group

In related news, insider Nick Taylor sold 120,000 shares of the firm’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of GBX 114 ($1.41), for a total value of £136,800 ($168,972.33). 26.65% of the stock is currently owned by 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.