BATM Advanced Communications (LON:BVC) Trading Up 2.5% - Here's What Happened

Key Points

• BATM Advanced Communications' stock price increased by 2.5%, trading at GBX 16.40 ($0.22) after reaching a high of GBX 16.75 ($0.23) during mid-day trading.
• Analysts at Shore Capital have maintained a "house stock" rating on BATM Advanced Communications, indicating ongoing confidence in the stock.
• The company has a market capitalization of £72.49 million and notable financial ratios, including a quick ratio of 1.69 and a debt-to-equity ratio of 9.10, reflecting its operational leverage.

BATM Advanced Communications Ltd. (LON:BVC - Get Free Report)'s share price shot up 2.5% during mid-day trading on Wednesday . The stock traded as high as GBX 16.75 ($0.23) and last traded at GBX 16.40 ($0.22). 694,132 shares traded hands during trading, an increase of 285% from the average session volume of 180,094 shares. The stock had previously closed at GBX 16 ($0.22).

Analyst Upgrades and Downgrades

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 Trading Up 0.2%

The company has a debt-to-equity ratio of 9.10, a current ratio of 2.43 and a quick ratio of 1.69. The firm's 50 day moving average is GBX 15.83 and its 200 day moving average is GBX 15.48. The company has a market capitalization of £74.06 million, a PE ratio of -284.55 and a beta of 0.64.

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.