Bigblu Broadband (LON:BBB) Shares Down 2.5% – Time to Sell?

Shares of Bigblu Broadband plc (LON:BBB) dropped 2.5% during mid-day trading on Friday . The company traded as low as GBX 25.26 ($0.34) and last traded at GBX 25.35 ($0.34). Approximately 207,696 shares traded hands during trading, a decline of 8% from the average daily volume of 224,786 shares. The stock had previously closed at GBX 26 ($0.35).

Bigblu Broadband Price Performance

The stock’s 50-day moving average price is GBX 30.04 and its 200-day moving average price is GBX 32.06. The company has a market capitalization of £14.95 million, a price-to-earnings ratio of 0.01 and a beta of 0.41. The company has a quick ratio of 0.69, a current ratio of 0.60 and a debt-to-equity ratio of 98.48.

Insider Buying and Selling

In related news, insider Christopher Mills sold 2,254,667 shares of the business’s stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of GBX 40 ($0.53), for a total transaction of £901,866.80 ($1,198,016.47). 22.28% of the stock is currently owned by insiders.

Bigblu Broadband Company Profile

BBB is a broadband provider that delivers super-fast broadband using alternative technologies to homes and businesses that are unserved or underserved by fibre.

BBB has customers in 30 countries with regional business units in the UK (serving UK, Germany, Poland, Greece and Ireland), Italy (serving Italy, France, Spain, Portugal and Switzerland), Norway (serving Scandinavia) and Australia (serving Australasia).