Bigblu Broadband (LON:BBB) Shares Down 2.3% – Here’s Why

Shares of Bigblu Broadband plc (LON:BBB) were down 2.3% during trading on Wednesday . The company traded as low as GBX 19.55 ($0.26) and last traded at GBX 19.55 ($0.26). Approximately 6,230 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 147,910 shares. The stock had previously closed at GBX 20 ($0.27).

Bigblu Broadband Trading Down 2.3%

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 £11.53 million, a PE ratio of 0.00 and a beta of 0.41. The stock’s 50 day simple moving average is GBX 21.17 and its 200 day simple moving average is GBX 26.05.

Bigblu Broadband (LON:BBB) last released its quarterly earnings results on Monday, June 2nd. The company reported GBX (3.40) EPS for the quarter. Bigblu Broadband had a return on equity of 72.30% and a net margin of 16.14%. On average, sell-side analysts forecast that Bigblu Broadband plc will post 4.5967742 earnings per share for the current fiscal year.

Bigblu Broadband Company Profile

BBB is a broadband provider that delivers super-fast broadband using alternative technologies to homes and businesses that are unserved or underserved by fibre.

BBB has customers in 30 countries with regional business units in the UK (serving UK, Germany, Poland, Greece and Ireland), Italy (serving Italy, France, Spain, Portugal and Switzerland), Norway (serving Scandinavia) and Australia (serving Australasia).