Begbies Traynor Group (LON:BEG) Hits New 52-Week Low at $103.00

Begbies Traynor Group plc (LON:BEG)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 103 ($1.29) and last traded at GBX 103 ($1.29), with a volume of 589382 shares. The stock had previously closed at GBX 105 ($1.32).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 175 ($2.20) target price on shares of Begbies Traynor Group in a research note on Monday, February 26th.

Begbies Traynor Group Trading Down 1.9 %

The business has a 50-day moving average of GBX 108.50 and a 200-day moving average of GBX 113.16. The company has a quick ratio of 1.35, a current ratio of 1.33 and a debt-to-equity ratio of 21.73. The stock has a market cap of £162.74 million, a price-to-earnings ratio of 5,675.00, a PEG ratio of 2.95 and a beta of 0.31.

Begbies Traynor Group Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, May 7th. Investors of record on Thursday, April 11th were paid a GBX 1.30 ($0.02) dividend. The ex-dividend date was Thursday, April 11th. This represents a yield of 1.11%.

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.