BATM Advanced Communications (LON:BVC) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

BATM Advanced Communications Ltd. (LON:BVC) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 19.08 ($0.24) and traded as low as GBX 18.10 ($0.23). BATM Advanced Communications shares last traded at GBX 18.10 ($0.23), with a volume of 43,877 shares.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a “house stock” rating on shares of BATM Advanced Communications in a research report on Thursday, December 19th.

BATM Advanced Communications Stock Down 1.0 %

The company has a 50-day moving average of GBX 18.28 and a 200-day moving average of GBX 19.08. The company has a current ratio of 2.43, a quick ratio of 1.69 and a debt-to-equity ratio of 9.17. The company has a market capitalization of £78.95 million, a price-to-earnings ratio of 2,800.00 and a beta of 0.64.

About BATM Advanced Communications

BATM Advanced Communications Ltd., together with its subsidiaries, engages in the development, production, and marketing of real-time technologies in Israel, the United States, and Europe. It operates through four segments: Cyber, Networking, Diagnostics, and Secondary. The Cyber segment provides integrated hardware and software solutions comprising cGate, a combined network encryption and security computing platform designed for governments, defense, and mission-critical networks; and cHSM, a hardware security module that provides security for sensitive data and applications by safeguarding and managing secrets, such as digital keys.