BATM Advanced Communications (LON:BVC) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

BATM Advanced Communications Ltd. (LON:BVC)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 18.37 ($0.24) and traded as low as GBX 14.40 ($0.19). BATM Advanced Communications shares last traded at GBX 14.40 ($0.19), with a volume of 87,502 shares trading hands.

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, January 16th.

BATM Advanced Communications Price Performance

The company has a debt-to-equity ratio of 9.10, a quick ratio of 1.69 and a current ratio of 2.43. The company has a market cap of £76.47 million, a P/E ratio of -334.30 and a beta of 0.64. The firm has a 50 day moving average price of GBX 17.42 and a two-hundred day moving average price of GBX 18.37.

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.