BATM Advanced Communications (LON:BVC) Trading Down 13.3% - Here's Why

Shares of BATM Advanced Communications Ltd. (LON:BVC - Get Free Report) dropped 13.3% during trading on Wednesday . The company traded as low as GBX 13.24 ($0.17) and last traded at GBX 14.95 ($0.19). Approximately 1,377,843 shares traded hands during mid-day trading, an increase of 500% from the average daily volume of 229,633 shares. The stock had previously closed at GBX 17.25 ($0.22).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a "house stock" rating on shares of BATM Advanced Communications in a research note on Thursday, January 16th.

BATM Advanced Communications Trading Down 0.5 %

The company has a current ratio of 2.43, a quick ratio of 1.69 and a debt-to-equity ratio of 9.10. The company has a market capitalization of £81.78 million, a P/E ratio of -357.52 and a beta of 0.64. The business has a 50 day moving average price of GBX 18.10 and a 200 day moving average price of GBX 18.75.

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.