BATM Advanced Communications (LON:BVC) Share Price Passes Below Two Hundred Day Moving Average of $43.74

BATM Advanced Communications Ltd (LON:BVC)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $43.74 and traded as low as $41.00. BATM Advanced Communications shares last traded at $41.60, with a volume of 90,164 shares changing hands.

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

The firm has a market cap of $183.16 million and a price-to-earnings ratio of 69.33. The business’s 50 day moving average price is GBX 41.97 and its 200-day moving average price is GBX 43.70. The company has a debt-to-equity ratio of 21.18, a quick ratio of 1.33 and a current ratio of 1.92.

In related news, insider Moti Nagar sold 3,000,000 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of GBX 47 ($0.61), for a total transaction of £1,410,000 ($1,842,414.74). Also, insider Zvi Marom acquired 100,000 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The shares were acquired at an average price of GBX 38 ($0.50) per share, for a total transaction of £38,000 ($49,653.73).

About BATM Advanced Communications (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.

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