Bigblu Broadband (LON:BBB) Trading Down 1.9% – Time to Sell?

Shares of Bigblu Broadband plc (LON:BBB) were down 1.9% during mid-day trading on Friday . The company traded as low as GBX 26.40 ($0.34) and last traded at GBX 26.50 ($0.34). Approximately 20,269 shares traded hands during trading, a decline of 55% from the average daily volume of 44,830 shares. The stock had previously closed at GBX 27 ($0.35).

Bigblu Broadband Stock Performance

The company has a market cap of £15.63 million, a P/E ratio of -883.33 and a beta of 0.41. The firm’s fifty day moving average price is GBX 28.99 and its 200-day moving average price is GBX 33.92. The company has a current ratio of 0.60, a quick ratio of 0.69 and a debt-to-equity ratio of 98.48.

Insider Activity

In other Bigblu Broadband news, insider Francis (Frank) Vincent Waters bought 131,658 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were acquired at an average cost of GBX 31 ($0.40) per share, for a total transaction of £40,813.98 ($52,991.40). Corporate 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.