Big Technologies (LON:BIG) Shares Down 4.4% – Here’s Why

Big Technologies PLC (LON:BIG) shares dropped 4.4% on Thursday . The company traded as low as GBX 96 and last traded at GBX 96.08. Approximately 70,623 shares were traded during trading, a decline of 84% from the average session volume of 451,906 shares. The stock had previously closed at GBX 100.50.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “hold” rating and issued a GBX 105 target price on shares of Big Technologies in a research report on Monday, March 30th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of GBX 95.

Big Technologies Price Performance

The stock has a fifty day moving average of GBX 102.53 and a 200 day moving average of GBX 95.39. The stock has a market cap of £280.77 million, a price-to-earnings ratio of -12.01 and a beta of 0.94. The company has a debt-to-equity ratio of 2.31, a current ratio of 2.35 and a quick ratio of 7.23.

Big Technologies (LON:BIG) last issued its quarterly earnings results on Monday, March 30th. The company reported GBX 6.20 earnings per share for the quarter. Big Technologies had a negative net margin of 46.62% and a negative return on equity of 26.32%. The company had revenue of GBX 4,973 million for the quarter. On average, analysts expect that Big Technologies PLC will post 6.8231441 EPS for the current fiscal year.

About Big Technologies

Big Technologies is the parent company of the Buddi group, which was founded in 2005. Today, Big Technologies is a proven supplier of innovative and high-quality products and services to the remote personal monitoring industry. Big Technologies provides products and services under the ‘Buddi’ brand with the primary focus being the criminal justice market. Big Technologies (under the Buddi brand) has created a leading, integrated technology platform (including both hardware and software solutions) for remote monitoring of individuals, providing state-of-the-art Electronic Monitoring (EM) solutions on a SaaS-like, subscription basis.