BATM Advanced Communications (LON:BVC) Shares Down 16.8% – Here’s Why

BATM Advanced Communications Ltd. (LON:BVC) fell 16.8% during mid-day trading on Wednesday . The company traded as low as GBX 13.24 ($0.17) and last traded at GBX 14.35 ($0.18). 1,075,572 shares were traded during trading, an increase of 383% from the average session volume of 222,916 shares. The stock had previously closed at GBX 17.25 ($0.22).

Wall Street Analyst Weigh In

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

BATM Advanced Communications Price Performance

The company’s 50 day simple moving average is GBX 18.26 and its two-hundred day simple moving average is GBX 18.87. The company has a debt-to-equity ratio of 9.10, a current ratio of 2.43 and a quick ratio of 1.69. The stock has a market capitalization of £80.65 million, a P/E ratio of -352.57 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.