Bigblu Broadband (LON:BBB) Trading Down 52.7% – Here’s What Happened

Bigblu Broadband plc (LON:BBB)’s share price dropped 52.7% on Wednesday . The stock traded as low as GBX 8.70 and last traded at GBX 8.76. Approximately 190,793 shares were traded during mid-day trading, an increase of 64% from the average daily volume of 116,057 shares. The stock had previously closed at GBX 18.50.

Bigblu Broadband Price Performance

The firm has a market cap of £3.82 million, a price-to-earnings ratio of 0.33 and a beta of 0.41. 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 stock’s fifty day moving average price is GBX 19.20 and its 200-day moving average price is GBX 20.82.

Bigblu Broadband (LON:BBB) last issued its quarterly earnings data on Friday, August 29th. The company reported GBX (0.30) earnings per share for the quarter. Bigblu Broadband had a return on equity of 72.30% and a net margin of 16.14%. As a group, equities research analysts forecast that Bigblu Broadband plc will post 4.5967742 earnings per share for the current fiscal year.

About Bigblu Broadband

BBB is a broadband provider that delivers super-fast broadband using alternative technologies to homes and businesses that are unserved or underserved by fibre.

BBB has customers in 30 countries with regional business units in the UK (serving UK, Germany, Poland, Greece and Ireland), Italy (serving Italy, France, Spain, Portugal and Switzerland), Norway (serving Scandinavia) and Australia (serving Australasia).