BATM Advanced Communications (LON:BVC) Stock Passes Below 200 Day Moving Average – Time to Sell?

BATM Advanced Communications Ltd. (LON:BVC) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 16.51 and traded as low as GBX 14.50. BATM Advanced Communications shares last traded at GBX 15.08, with a volume of 225,006 shares trading hands.

Wall Street Analysts Forecast Growth

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

BATM Advanced Communications Stock Up 1.0%

The company has a market capitalization of £51.27 million, a price-to-earnings ratio of -2.53 and a beta of 0.64. The company has a current ratio of 2.43, a quick ratio of 1.69 and a debt-to-equity ratio of 9.10. The firm’s 50 day simple moving average is GBX 16.05 and its 200-day simple moving average is GBX 16.51.

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.