Big Technologies (LON:BIG) Stock Jumps 2.7% - Here's What Happened

Key Points

• Big Technologies shares rose 2.7% to GBX 92.40, with 292,420 shares traded—about 20% below the average daily volume.
• Analyst sentiment remains positive overall: Peel Hunt maintained a “buy” rating with a GBX 119 target, while Berenberg kept a “hold” rating with a GBX 105 target. The consensus view is “Moderate Buy,” with an average target of GBX 112.
• The company reported quarterly earnings of GBX 3.50 per share, a 25.74% net margin and 14.03% return on equity. Big Technologies provides subscription-based electronic monitoring solutions under its Buddi brand, primarily for the criminal justice market.

Big Technologies PLC (LON:BIG - Get Free Report)'s stock price shot up 2.7% on Tuesday. The stock traded as high as GBX 92.40 and last traded at GBX 92.40. 292,420 shares were traded during trading, a decline of 20% from the average daily volume of 365,304 shares. The stock had previously closed at GBX 90.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on BIG shares. Peel Hunt reaffirmed a "buy" rating and set a GBX 119 price target on shares of Big Technologies in a research report on Monday, July 27th. Berenberg Bank reiterated a "hold" rating and issued a GBX 105 price target on shares of Big Technologies in a report on Monday, September 14th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of GBX 112.

Big Technologies Price Performance

The business's 50 day moving average price is GBX 96.21 and its 200-day moving average price is GBX 98.44. The company has a quick ratio of 7.23, a current ratio of 6.24 and a debt-to-equity ratio of 1.97. The company has a market cap of £269.57 million, a PE ratio of 20.09 and a beta of 0.98.

Big Technologies (LON:BIG - Get Free Report) last released its quarterly earnings results on Monday, September 14th. The company reported GBX 3.50 earnings per share for the quarter. Big Technologies had a net margin of 25.74% and a return on equity of 14.03%. As a group, analysts forecast that Big Technologies PLC will post 6.82 earnings per share for the current year.

Big Technologies Company Profile

Big Technologies is the parent company of the Buddi group, which was founded in 2005. Today, Big Technologies is a proven supplier of innovative and high-quality products and services to the remote personal monitoring industry. Big Technologies provides products and services under the 'Buddi' brand with the primary focus being the criminal justice market. Big Technologies (under the Buddi brand) has created a leading, integrated technology platform (including both hardware and software solutions) for remote monitoring of individuals, providing state-of-the-art Electronic Monitoring (EM) solutions on a SaaS-like, subscription basis.

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