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

BATM Advanced Communications Ltd. (LON:BVC)’s share price dropped 10.1% during trading on Wednesday . The company traded as low as GBX 13.24 ($0.17) and last traded at GBX 15.50 ($0.20). Approximately 1,680,752 shares changed 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).

Analyst Ratings Changes

Separately, Shore Capital reissued 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 stock has a 50 day moving average of GBX 18.26 and a 200-day moving average of GBX 18.87. The company has a market capitalization of £82.31 million, a P/E ratio of -359.84 and a beta of 0.64. The company has a current ratio of 2.43, a quick ratio of 1.69 and a debt-to-equity ratio of 9.10.

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.