Bigblu Broadband (LON:BBB) Trading Down 4.8% – Time to Sell?

Bigblu Broadband plc (LON:BBB)’s stock price traded down 4.8% on Monday . The stock traded as low as GBX 39.50 ($0.50) and last traded at GBX 40 ($0.51). 49,038 shares changed hands during trading, a decline of 3% from the average session volume of 50,558 shares. The stock had previously closed at GBX 42 ($0.53).

Bigblu Broadband Price Performance

The company has a current ratio of 0.60, a quick ratio of 0.69 and a debt-to-equity ratio of 98.48. The firm has a market capitalization of £23.59 million, a P/E ratio of -1,333.33 and a beta of 0.41. The company has a 50 day moving average of GBX 30.84 and a 200-day moving average of GBX 33.91.

Insider Buying and Selling

In related news, insider Francis (Frank) Vincent Waters purchased 131,658 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was acquired at an average cost of GBX 31 ($0.39) per share, for a total transaction of £40,813.98 ($51,735.30). 22.28% of the stock is owned by 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.