Begbies Traynor Group (LON:BEG) Sets New 1-Year Low at $103.00

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

Wall Street Analyst Weigh In

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

Begbies Traynor Group Price Performance

The firm has a market cap of £162.74 million, a price-to-earnings ratio of 5,675.00, a P/E/G ratio of 2.95 and a beta of 0.31. The stock’s fifty day moving average price is GBX 108.50 and its 200-day moving average price is GBX 113.16. The company has a current ratio of 1.33, a quick ratio of 1.35 and a debt-to-equity ratio of 21.73.

Begbies Traynor Group Cuts Dividend

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

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.