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

Shares of Liberty Global Ltd (NASDAQ:LBTYB) gapped down before the market opened on Friday . The stock had previously closed at $12.29, but opened at $11.54. Liberty Global shares last traded at $12.9350, with a volume of 1,827 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a research note on Friday, July 31st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Liberty Global Price Performance

The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.82. The company has a 50 day simple moving average of $12.49 and a 200 day simple moving average of $13.25. The stock has a market cap of $4.26 billion, a P/E ratio of -1.39 and a beta of 0.43.

Liberty Global (NASDAQ:LBTYB) last issued its quarterly earnings results on Friday, July 24th. The company reported ($1.07) earnings per share for the quarter, missing the consensus estimate of ($0.48) by ($0.59). Liberty Global had a negative return on equity of 28.82% and a negative net margin of 62.11%.The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.34 billion.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Liberty Global stock. FNY Investment Advisers LLC purchased a new position in shares of Liberty Global Ltd (NASDAQ:LBTYB) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 5,252 shares of the company’s stock, valued at approximately $68,000. 0.47% of the stock is owned by hedge funds and other institutional investors.

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.