Bigblu Broadband (LON:BBB) Shares Down 4.8% – Here’s Why

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

Bigblu Broadband Price Performance

The stock has a market cap of £23.59 million, a P/E ratio of -1,333.33 and a beta of 0.41. The company has a debt-to-equity ratio of 98.48, a quick ratio of 0.69 and a current ratio of 0.60. The stock’s fifty day simple moving average is GBX 30.98 and its 200-day simple moving average is GBX 33.91.

Insider Transactions at Bigblu Broadband

In related news, insider Francis (Frank) Vincent Waters purchased 131,658 shares of the stock in a transaction dated Thursday, September 19th. The stock was bought at an average cost of GBX 31 ($0.39) per share, for a total transaction of £40,813.98 ($51,643.65). 22.28% of the stock is currently 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.