Liberty Global (NASDAQ:LBTYB) Trading Down 6.1% – Time to Sell?

Liberty Global Ltd (NASDAQ:LBTYB)’s stock price was down 6.1% during mid-day trading on Thursday . The stock traded as low as $12.93 and last traded at $12.5760. 142 shares traded hands during trading, a decline of 100% from the average session volume of 29,829 shares. The stock had previously closed at $13.40.

Wall Street Analyst Weigh In

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

Liberty Global Price Performance

The firm has a market cap of $4.36 billion, a price-to-earnings ratio of -1.42 and a beta of 0.43. The business’s 50-day simple moving average is $12.42 and its two-hundred day simple moving average is $13.45. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.82.

Liberty Global (NASDAQ:LBTYB) last issued its quarterly earnings results on Friday, July 24th. The company reported ($1.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.34 billion.

Hedge Funds Weigh In On Liberty Global

A hedge fund recently bought a new stake in Liberty Global stock. FNY Investment Advisers LLC purchased a new stake in shares of Liberty Global Ltd (NASDAQ:LBTYB) during the second 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.