Beeks Financial Cloud Group (LON:BKS) Issues Earnings Results, Beats Expectations By $0.62 EPS

Beeks Financial Cloud Group (LON:BKS) posted its quarterly earnings results on Tuesday. The company reported GBX 2.52 ($0.03) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of GBX 1.90 ($0.02) by GBX 0.62 ($0.01), Digital Look Earnings reports.

BKS stock remained flat at $GBX 91 ($1.19) during midday trading on Tuesday. 355,186 shares of the company’s stock traded hands, compared to its average volume of 52,025. Beeks Financial Cloud Group has a 12-month low of GBX 68.05 ($0.89) and a 12-month high of GBX 128 ($1.67). The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 56.60. The company has a market cap of $46.62 million and a price-to-earnings ratio of 47.89. The business has a 50-day moving average price of GBX 94.36 and a 200-day moving average price of GBX 91.16.

Separately, Canaccord Genuity initiated coverage on shares of Beeks Financial Cloud Group in a research note on Tuesday. They set a “buy” rating and a GBX 150 ($1.96) price objective for the company.

About Beeks Financial Cloud Group

Beeks Trading Corporation Ltd. provides virtual private server and infrastructure solutions for traders and broker partners worldwide. The company also offers co-location services; dedicated server packages; and server installation services. In addition, it provides institutional venue connections and retail broker connections through its Equinix platform; and Beeks Marketplace, a cloud-based portal that enables real-time connectivity to various exchanges, data feeds, trading tools, and news services for institutional traders, proprietary trading firms, brokers, wealth managers, and high-end retail traders.

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