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

Liberty Global Ltd (NASDAQ:LBTYB)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $13.15, but opened at $12.50. Liberty Global shares last traded at $12.7750, with a volume of 240 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a report on Friday, July 31st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Liberty Global Stock Performance

The company’s fifty day simple moving average is $12.39 and its two-hundred day simple moving average is $13.30. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market capitalization of $4.36 billion, a P/E ratio of -1.42 and a beta of 0.42.

Liberty Global (NASDAQ:LBTYB) last posted its 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 28.82%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.34 billion.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Liberty Global stock. FNY Investment Advisers LLC bought a new position in shares of Liberty Global Ltd (NASDAQ:LBTYB) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 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.