Liberty Global (NASDAQ:LBTYB) Shares Up 9.1% – Here’s What Happened

Liberty Global Ltd (NASDAQ:LBTYB)’s stock price was up 9.1% on Thursday . The company traded as high as $14.17 and last traded at $13.3050. Approximately 16,428 shares were traded during mid-day trading, a decline of 52% from the average session volume of 34,379 shares. The stock had previously closed at $12.20.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Liberty Global Price Performance

The firm has a 50 day moving average price of $13.41 and a two-hundred day moving average price of $13.17. The company has a market cap of $4.41 billion, a P/E ratio of -0.81 and a beta of 0.41. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.11 and a current ratio of 1.11.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Liberty Global stock. FNY Investment Advisers LLC acquired a new stake in Liberty Global Ltd (NASDAQ:LBTYB) in the second quarter, according to its most recent filing with the SEC. The fund acquired 5,252 shares of the company’s stock, valued at approximately $68,000. Institutional investors and hedge funds own 0.47% of the company’s stock.

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.