BATM Advanced Communications (LON:BVC) Shares Pass Below 200 Day Moving Average - Here's What Happened

BATM Advanced Communications Ltd. (LON:BVC - Get Free Report) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 19.26 ($0.24) and traded as low as GBX 18.05 ($0.23). BATM Advanced Communications shares last traded at GBX 18.75 ($0.23), with a volume of 104,667 shares trading hands.

Analysts Set New Price Targets

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

BATM Advanced Communications Stock Performance

The company has a market cap of £82.88 million, a PE ratio of 2,800.00 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 9.17. The firm's 50-day simple moving average is GBX 18.38 and its two-hundred day simple moving average is GBX 19.25.

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.