Bigblu Broadband (LON:BBB) Shares Down 11.5% – Here’s What Happened

Bigblu Broadband plc (LON:BBB) shares traded down 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). 159,545 shares were traded during mid-day trading, an increase of 218% from the average session volume of 50,236 shares. The stock had previously closed at GBX 41 ($0.52).

Bigblu Broadband Price Performance

The company has a 50-day moving average of GBX 32.21 and a 200 day moving average of GBX 33.72. 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 firm has a market cap of £20.94 million, a P/E ratio of -1,180.50 and a beta of 0.41.

Insider Buying and Selling at Bigblu Broadband

In other news, insider Francis (Frank) Vincent Waters acquired 131,658 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was bought at an average price of GBX 31 ($0.39) per share, with a total value of £40,813.98 ($51,715.64). Company insiders own 22.28% of the company’s stock.

Bigblu Broadband Company Profile

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.