BATM Advanced Communications (LON:BVC) Share Price Crosses Below Two Hundred Day Moving Average - Here's Why

Key Points

• BATM Advanced Communications shares have crossed below their 200-day moving average of GBX 15.51, indicating a potential bearish trend.
• The stock is currently down 3.2% and has a market capitalization of £66.59 million with a negative P/E ratio of -255.87.
• Analysts at Shore Capital have reissued a "house stock" rating on BATM shares, suggesting continued support despite recent price movement.

BATM Advanced Communications Ltd. (LON:BVC - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 15.51 ($0.21) and traded as low as GBX 15.33 ($0.21). BATM Advanced Communications shares last traded at GBX 15.85 ($0.22), with a volume of 33,397 shares changing hands.

Analyst Ratings Changes

Separately, Shore Capital reiterated a "house stock" rating on shares of BATM Advanced Communications in a research report on Monday, August 18th.

BATM Advanced Communications Stock Performance

The company has a market capitalization of £69.66 million, a P/E ratio of -267.63 and a beta of 0.64. The business has a 50-day moving average of GBX 15.72 and a 200-day moving average of GBX 15.48. The company has a debt-to-equity ratio of 9.10, a current ratio of 2.43 and a quick ratio of 1.69.

About BATM Advanced Communications

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.