Begbies Traynor Group (LON:BEG) Sets New 52-Week Low at $104.50

Begbies Traynor Group plc (LON:BEG)’s share price hit a new 52-week low during trading on Friday . The company traded as low as GBX 104.50 ($1.32) and last traded at GBX 106.28 ($1.35), with a volume of 182934 shares. The stock had previously closed at GBX 107.50 ($1.36).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 175 ($2.21) price objective on shares of Begbies Traynor Group in a research note on Monday, February 26th.

Begbies Traynor Group Trading Down 1.4 %

The company has a debt-to-equity ratio of 21.73, a current ratio of 1.33 and a quick ratio of 1.35. The stock has a market capitalization of £167.44 million, a price-to-earnings ratio of 5,675.00, a PEG ratio of 2.95 and a beta of 0.31. The business has a 50 day simple moving average of GBX 110.74 and a 200-day simple moving average of GBX 113.72.

Begbies Traynor Group Cuts Dividend

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

Insider Buying and Selling at Begbies Traynor Group

In other Begbies Traynor Group news, insider Nick Taylor sold 120,000 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of GBX 114 ($1.44), for a total value of £136,800 ($173,142.64). Insiders own 26.65% of the company’s stock.

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.