Liberty Global (NASDAQ:LBTYB) Shares Gap Down – Here’s What Happened

Shares of Liberty Global Ltd (NASDAQ:LBTYB) gapped down prior to trading on Tuesday . The stock had previously closed at $12.80, but opened at $12.13. Liberty Global shares last traded at $12.49, with a volume of 340 shares traded.

Wall Street Analyst Weigh In

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

Liberty Global Trading Down 2.7%

The stock has a market capitalization of $4.21 billion, a P/E ratio of -0.78 and a beta of 0.41. 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 stock’s 50 day moving average price is $13.56 and its 200-day moving average price is $13.16.

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

Hedge Funds Weigh In On Liberty Global

A hedge fund recently bought a new stake in Liberty Global stock. FNY Investment Advisers LLC bought a new position in Liberty Global Ltd (NASDAQ:LBTYB) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,252 shares of the company’s stock, valued at approximately $68,000. Institutional investors 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.