Bigblu Broadband (LON:BBB) Shares Down 14.6% – Time to Sell?

Bigblu Broadband plc (LON:BBB)’s share price dropped 14.6% during mid-day 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 daily volume of 212,098 shares. The stock had previously closed at GBX 6.50.

Bigblu Broadband Trading Down 14.6%

The business has a 50-day moving average of GBX 5.55 and a 200 day moving average of GBX 10.03. The firm has a market capitalization of £2.42 million, a PE 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.