Begbies Traynor Group (LON:BEG) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

Begbies Traynor Group plc (LON:BEG) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 97.69 ($1.22) and traded as low as GBX 95.80 ($1.20). Begbies Traynor Group shares last traded at GBX 97 ($1.21), with a volume of 157,017 shares.

Analyst Upgrades and Downgrades

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

Begbies Traynor Group Price Performance

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 stock has a market cap of £154.23 million, a price-to-earnings ratio of 9,735.70, a PEG ratio of 2.95 and a beta of 0.37. The stock has a 50-day moving average price of GBX 93.95 and a two-hundred day moving average price of GBX 97.66.

Begbies Traynor Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, May 7th. Shareholders 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 yield of 1.51%. Begbies Traynor Group’s dividend payout ratio is currently 40,000.00%.

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 ($1.15), for a total value of £126,224 ($157,465.07). 26.47% of the stock is currently owned by 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.