BATM Advanced Communications (LON:BVC) Stock Price Down 10.1% – Here’s Why

BATM Advanced Communications Ltd. (LON:BVC)’s stock price was down 10.1% during mid-day trading on Wednesday . The stock traded as low as GBX 13.24 ($0.17) and last traded at GBX 15.50 ($0.20). Approximately 1,174,946 shares changed hands during trading, an increase of 422% from the average daily volume of 225,124 shares. The stock had previously closed at GBX 17.25 ($0.22).

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a “house stock” rating on shares of BATM Advanced Communications in a research report on Thursday, January 16th.

BATM Advanced Communications Trading Down 1.8 %

The company has a quick ratio of 1.69, a current ratio of 2.43 and a debt-to-equity ratio of 9.10. The firm has a market capitalization of £80.67 million, a PE ratio of -352.69 and a beta of 0.64. The firm’s 50-day simple moving average is GBX 18.16 and its 200-day simple moving average is GBX 18.79.

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.