BATM Advanced Communications (LON:BVC) Stock Price Down 16.8% - Here's Why

Shares of BATM Advanced Communications Ltd. (LON:BVC - Get Free Report) fell 16.8% during mid-day trading on Wednesday . The company traded as low as GBX 13.24 ($0.17) and last traded at GBX 14.35 ($0.19). 1,075,572 shares changed hands during mid-day trading, an increase of 383% from the average session volume of 222,916 shares. The stock had previously closed at GBX 17.25 ($0.22).

Wall Street Analyst Weigh In

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

BATM Advanced Communications Price Performance

The company has a quick ratio of 1.69, a current ratio of 2.43 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 simple moving average of GBX 18.10 and a 200-day simple moving average 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.