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

BATM Advanced Communications Ltd. (LON:BVC) shares dropped 10.1% on Thursday . The stock traded as low as GBX 13.24 ($0.17) and last traded at GBX 15.50 ($0.20). Approximately 1,680,752 shares traded hands during mid-day trading, an increase of 611% from the average daily volume of 236,364 shares. The stock had previously closed at GBX 17.25 ($0.22).

Wall Street Analysts Forecast Growth

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

BATM Advanced Communications Trading Down 0.5 %

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 stock has a market capitalization of £81.78 million, a P/E ratio of -357.52 and a beta of 0.64. The firm’s 50 day simple moving average is GBX 18.10 and its two-hundred day simple moving average is GBX 18.75.

BATM Advanced Communications Company Profile

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.