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

Bigblu Broadband plc (LON:BBB)’s stock price was down 14.6% during trading on Thursday . The stock traded as low as GBX 5.55 and last traded at GBX 5.55. Approximately 278,054 shares changed hands 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 Stock Down 14.6%

The company has a market cap of £2.42 million, a price-to-earnings ratio of 0.21 and a beta of 0.41. The company has a debt-to-equity ratio of 176.01, a quick ratio of 0.69 and a current ratio of 0.82. The stock’s fifty day moving average is GBX 5.55 and its two-hundred day moving average is GBX 5.55.

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.