Liberty Global (NASDAQ:LBTYB) Trading Down 5.2% – Here’s Why

Shares of Liberty Global Ltd (NASDAQ:LBTYB) dropped 5.2% during mid-day trading on Thursday . The stock traded as low as $15.30 and last traded at $14.64. Approximately 765 shares were traded during trading, a decline of 98% from the average daily volume of 45,706 shares. The stock had previously closed at $15.45.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 4th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Liberty Global Trading Down 1.0%

The company has a market capitalization of $4.93 billion, a price-to-earnings ratio of -0.91 and a beta of 0.42. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.79. The company’s 50 day simple moving average is $14.31 and its two-hundred day simple moving average is $12.73.

Liberty Global (NASDAQ:LBTYB) last announced its earnings results on Friday, May 1st. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of ($0.35) by $1.31. The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. Liberty Global had a negative net margin of 109.64% and a negative return on equity of 47.65%.

Liberty Global Company Profile

Liberty Global Plc is an international television and broadband company, which engages in the provision of broadband communications services. It operates through the following geographical segments: U.K. and Ireland, Belgium, Switzerland, Central and Eastern Europe, and Central and Corporate. Its products include broadband, WiFi, connectivity products, TV platforms, and TV content. The company was founded in 2004 and is headquartered in London, the United Kingdom.