BATM Advanced Communications (LON:BVC) Stock Crosses Below Two Hundred Day Moving Average of $43.45

BATM Advanced Communications Ltd (LON:BVC)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $43.45 and traded as low as $39.80. BATM Advanced Communications shares last traded at $40.10, with a volume of 271,057 shares.

Separately, Shore Capital reaffirmed a “house stock” rating on shares of BATM Advanced Communications in a research report on Monday, October 7th.

The stock has a market capitalization of $182.94 million and a price-to-earnings ratio of 69.25. The company has a debt-to-equity ratio of 21.18, a quick ratio of 1.33 and a current ratio of 1.92. The business has a 50-day moving average of GBX 42.33 and a 200-day moving average of GBX 43.37.

In other news, insider Zvi Marom bought 100,000 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The stock was purchased at an average cost of GBX 38 ($0.50) per share, with a total value of £38,000 ($49,986.85).

BATM Advanced Communications Company Profile (LON:BVC)

BATM Advanced Communications Ltd., together with its subsidiaries, engages in the research and development, production, and marketing of data communication products in the field of metropolitan area networks; and bio-medical products. The company's Networking and Cyber division is involved in the research and development, production, and marketing of data communication products in the field of local and wide area networks, and premises management systems worldwide.

Further Reading: Bollinger Bands

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