Bigblu Broadband (LON:BBB) Trading Down 6.3% – Here’s Why

Bigblu Broadband plc (LON:BBB) shares dropped 6.3% on Friday . The stock traded as low as GBX 19.20 ($0.26) and last traded at GBX 19.20 ($0.26). Approximately 2,031 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 124,474 shares. The stock had previously closed at GBX 20.50 ($0.27).

Bigblu Broadband Trading Down 6.3%

The company has a quick ratio of 0.69, a current ratio of 0.60 and a debt-to-equity ratio of 98.48. The stock has a market capitalization of £8.37 million, a P/E ratio of 72.73 and a beta of 0.41. The firm’s 50 day simple moving average is GBX 19.79 and its two-hundred day simple moving average is GBX 23.29.

Bigblu Broadband (LON:BBB) last posted its quarterly earnings results on Friday, August 29th. The company reported GBX (0.30) earnings per share for the quarter. Bigblu Broadband had a net margin of 16.14% and a return on equity of 72.30%. As a group, analysts forecast that Bigblu Broadband plc will post 4.5967742 earnings per share for the current fiscal year.

About Bigblu Broadband

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).