Liberty Global (NASDAQ:LBTYB) Shares Gap Up – Here’s Why

Liberty Global Ltd (NASDAQ:LBTYB)’s share price gapped up before the market opened on Monday . The stock had previously closed at $11.20, but opened at $12.08. Liberty Global shares last traded at $12.8760, with a volume of 2,781 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 4th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Liberty Global Price Performance

The firm has a 50-day simple moving average of $12.97 and a 200-day simple moving average of $13.19. The firm has a market capitalization of $4.16 billion, a PE ratio of -1.37 and a beta of 0.41. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.11 and a quick ratio of 1.11.

Liberty Global (NASDAQ:LBTYB) last released its quarterly earnings results on Friday, July 24th. The company reported ($1.07) EPS for the quarter, missing the consensus estimate of ($0.48) by ($0.59). Liberty Global had a negative net margin of 62.11% and a negative return on equity of 27.89%. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.34 billion.

Institutional Trading of Liberty Global

A hedge fund recently bought a new position in Liberty Global stock. FNY Investment Advisers LLC purchased a new position in Liberty Global Ltd (NASDAQ:LBTYB) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 5,252 shares of the company’s stock, valued at approximately $68,000. 0.47% of the stock is owned by institutional investors and hedge funds.

About Liberty Global

Liberty Global Plc is an international television and broadband company, which engages in the provision of broadband communications services. It operates through the following geographical segments: U.K. and Ireland, Belgium, Switzerland, Central and Eastern Europe, and Central and Corporate. Its products include broadband, WiFi, connectivity products, TV platforms, and TV content. The company was founded in 2004 and is headquartered in London, the United Kingdom.