Bigblu Broadband (LON:BBB) Stock Price Down 1.9% – Here’s What Happened

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

Bigblu Broadband Price Performance

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

Insider Transactions at Bigblu Broadband

In related news, insider Francis (Frank) Vincent Waters acquired 131,658 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were acquired at an average cost of GBX 31 ($0.40) per share, with a total value of £40,813.98 ($52,991.40). 22.28% of the stock is currently owned by corporate insiders.

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.