BATM Advanced Communications (LON:BVC) Stock Passes Below 200-Day Moving Average – Here’s Why

BATM Advanced Communications Ltd. (LON:BVC) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 16.55 ($0.23) and traded as low as GBX 15.88 ($0.22). BATM Advanced Communications shares last traded at GBX 16.45 ($0.23), with a volume of 121,897 shares traded.

Analysts Set New Price Targets

Separately, Shore Capital reiterated a “house stock” rating on shares of BATM Advanced Communications in a research report on Thursday, March 27th.

BATM Advanced Communications Price Performance

The company has a quick ratio of 1.69, a current ratio of 2.43 and a debt-to-equity ratio of 9.10. The stock has a market capitalization of £85.53 million, a PE ratio of -373.93 and a beta of 0.64. The company has a 50-day moving average of GBX 15.89 and a 200 day moving average of GBX 16.55.

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.