BATM Advanced Communications (LON:BVC) Stock Price Passes Below 200-Day Moving Average – What’s Next?

BATM Advanced Communications Ltd. (LON:BVC)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 16.52 and traded as low as GBX 15.37. BATM Advanced Communications shares last traded at GBX 15.37, with a volume of 125,986 shares changing hands.

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “buy” rating on shares of BATM Advanced Communications in a research report on Monday, November 17th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, BATM Advanced Communications has a consensus rating of “Buy”.

BATM Advanced Communications Stock Performance

The business has a 50-day moving average price of GBX 16.46 and a 200-day moving average price of GBX 16.52. The firm has a market capitalization of £67.13 million, a price-to-earnings ratio of -2.58 and a beta of 0.64. The company has a quick ratio of 1.69, a current ratio of 2.43 and a debt-to-equity ratio of 9.10.

BATM Advanced Communications Company Profile

BATM Advanced Communications Ltd., together with its subsidiaries, engages in the development, production, and marketing of real-time technologies in Israel, the United States, and Europe. It operates through four segments: Cyber, Networking, Diagnostics, and Secondary. The Cyber segment provides integrated hardware and software solutions comprising cGate, a combined network encryption and security computing platform designed for governments, defense, and mission-critical networks; and cHSM, a hardware security module that provides security for sensitive data and applications by safeguarding and managing secrets, such as digital keys.