BATM Advanced Communications (LON:BVC) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

BATM Advanced Communications Ltd. (LON:BVC)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 18.98 ($0.24) and traded as low as GBX 16.70 ($0.21). BATM Advanced Communications shares last traded at GBX 17 ($0.22), with a volume of 64,249 shares changing hands.

Analysts Set New Price Targets

Separately, Shore Capital reissued a “house stock” rating on shares of BATM Advanced Communications in a report on Thursday, January 16th.

BATM Advanced Communications Price Performance

The company has a debt-to-equity ratio of 9.10, a quick ratio of 1.69 and a current ratio of 2.43. The business’s 50 day simple moving average is GBX 18.39 and its 200-day simple moving average is GBX 18.98. The stock has a market capitalization of £89.21 million, a price-to-earnings ratio of -390.02 and a beta of 0.64.

About BATM Advanced Communications

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.