Liberty Global (NASDAQ:LBTYB) Shares Gap Down – What’s Next?

Liberty Global Ltd (NASDAQ:LBTYB) shares gapped down before the market opened on Tuesday . The stock had previously closed at $13.20, but opened at $11.70. Liberty Global shares last traded at $11.6890, with a volume of 531 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Liberty Global currently has an average rating of “Sell”.

Liberty Global Price Performance

The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.79. The company has a market cap of $3.72 billion, a price-to-earnings ratio of -0.69 and a beta of 0.41. The company has a fifty day simple moving average of $13.78 and a two-hundred day simple moving average of $13.14.

Liberty Global (NASDAQ:LBTYB) last announced its quarterly earnings results on Friday, May 1st. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.35) by $1.31. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Liberty Global had a negative return on equity of 47.65% and a negative net margin of 109.64%.

Hedge Funds Weigh In On Liberty Global

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

About Liberty Global

Liberty Global Plc is an international television and broadband company, which engages in the provision of broadband communications services. It operates through the following geographical segments: U.K. and Ireland, Belgium, Switzerland, Central and Eastern Europe, and Central and Corporate. Its products include broadband, WiFi, connectivity products, TV platforms, and TV content. The company was founded in 2004 and is headquartered in London, the United Kingdom.