Bigblu Broadband (LON:BBB) Stock Price Down 14.6% – Here’s Why

Shares of Bigblu Broadband plc (LON:BBB) fell 14.6% during trading on Wednesday . The company traded as low as GBX 5.55 and last traded at GBX 5.55. 278,054 shares were traded during trading, an increase of 31% from the average session volume of 212,098 shares. The stock had previously closed at GBX 6.50.

Bigblu Broadband Price Performance

The stock has a market capitalization of £2.42 million, a PE ratio of 0.21 and a beta of 0.41. The stock’s 50 day moving average is GBX 9.31 and its two-hundred day moving average is GBX 16.43. The company has a debt-to-equity ratio of 98.48, a quick ratio of 0.69 and a current ratio of 0.60.

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). The business grew exponentially focused initially on a core capability in satellite broadband, the company is now the largest satellite broadband ISP outside North America and the 4th largest in the world.

However, for some time now the business has been technology agnostic delivering alternative broadband using satellite, ultra-fast fixed wireless and 4G/5G.