BATM Advanced Communications (LON:BVC) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

BATM Advanced Communications Ltd. (LON:BVC) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 19.11 ($0.24) and traded as low as GBX 18.05 ($0.22). BATM Advanced Communications shares last traded at GBX 18.15 ($0.23), with a volume of 25,530 shares changing hands.

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “house stock” rating on shares of BATM Advanced Communications in a report on Thursday, December 19th.

BATM Advanced Communications Stock Down 1.1 %

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 stock has a market capitalization of £79.17 million, a P/E ratio of 2,800.00 and a beta of 0.64. The business has a 50-day moving average price of GBX 18.29 and a 200 day moving average price of GBX 19.11.

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.