Bigblu Broadband (LON:BBB) Shares Down 11.5% – Should You Sell?

Shares of Bigblu Broadband plc (LON:BBBGet Free Report) dropped 11.5% during mid-day trading on Monday . The company traded as low as GBX 36 ($0.46) and last traded at GBX 36.27 ($0.46). Approximately 159,545 shares traded hands during trading, an increase of 218% from the average daily volume of 50,236 shares. The stock had previously closed at GBX 41 ($0.52).

Bigblu Broadband Stock Performance

The company has a debt-to-equity ratio of 98.48, a quick ratio of 0.69 and a current ratio of 0.60. The company’s 50 day moving average is GBX 32.21 and its 200 day moving average is GBX 33.72. The stock has a market capitalization of £20.94 million, a price-to-earnings ratio of -1,180.50 and a beta of 0.41.

Insider Activity

In other news, insider Francis (Frank) Vincent Waters acquired 131,658 shares of the stock in a transaction dated Thursday, September 19th. The shares were acquired at an average cost of GBX 31 ($0.39) per share, for a total transaction of £40,813.98 ($51,715.64). 22.28% of the stock is owned by company insiders.

Bigblu Broadband Company Profile

(Get Free Report)

Bigblu Broadband plc provides satellite, and wireless broadband telecommunications and related products and services in Australia and the Nordics. The company offers satellite and fixed wireless broadband services; and a range of services to customers, including hardware supply, installation, pre- and post-sale support, and billings and collections.

See Also

Receive News & Ratings for Bigblu Broadband Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bigblu Broadband and related companies with MarketBeat.com's FREE daily email newsletter.