BATM Advanced Communications (LON:BVC) Trading Down 13% – Here’s What Happened

BATM Advanced Communications Ltd. (LON:BVC)’s stock price fell 13% during mid-day trading on Wednesday . The stock traded as low as GBX 13.24 ($0.17) and last traded at GBX 15 ($0.19). 1,409,201 shares changed hands during trading, an increase of 512% from the average session volume of 230,330 shares. The stock had previously closed at GBX 17.25 ($0.22).

Wall Street Analysts Forecast Growth

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

BATM Advanced Communications Trading Down 10.1 %

The company has a market cap of £82.31 million, a price-to-earnings ratio of -359.84 and a beta of 0.64. 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 business’s fifty day simple moving average is GBX 18.26 and its two-hundred day simple moving average is GBX 18.87.

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.