Liberty Global (NASDAQ:LBTYB) Stock Price Down 9% – Here’s Why

Liberty Global Ltd (NASDAQ:LBTYB)’s stock price was down 9% during mid-day trading on Wednesday. The company traded as low as $11.18 and last traded at $10.9250. Approximately 3,777 shares were traded during trading, a decline of 86% from the average daily volume of 27,707 shares. The stock had previously closed at $12.00.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a research note on Friday, July 31st. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock has a consensus rating of “Sell”.

Liberty Global Trading Down 9.0%

The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of -1.22 and a beta of 0.46. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.82. The company’s 50 day simple moving average is $12.45 and its two-hundred day simple moving average is $12.95.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Liberty Global stock. FNY Investment Advisers LLC acquired a new position in Liberty Global Ltd (NASDAQ:LBTYB) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 5,252 shares of the company’s stock, valued at approximately $68,000. 0.47% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Global Company Profile

Liberty Global Ltd. is an international telecommunications and media company that invests in and operates broadband, mobile, fixed-line telephone, and video businesses. Its services generally include high-speed internet, wireless communications, digital television, streaming and entertainment offerings, and business connectivity solutions.

The company has operations and strategic investments across Europe, including interests in Virgin Media O2 in the United Kingdom, Telenet in Belgium, VodafoneZiggo in the Netherlands, and Sunrise in Switzerland.