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

Bigblu Broadband plc (LON:BBB) fell 14.6% on Wednesday . The stock traded as low as GBX 5.55 and last traded at GBX 5.55. 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 quick ratio of 0.69, a current ratio of 0.60 and a debt-to-equity ratio of 98.48. The company has a fifty day simple moving average of GBX 8.75 and a 200-day simple moving average of GBX 16.23. The firm has a market cap of £2.42 million, a P/E ratio of 0.21 and a beta of 0.41.

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.