Liberty Global (NASDAQ:LBTYB) Shares Cross Above 50-Day Moving Average – Here’s Why

Liberty Global Ltd (NASDAQ:LBTYB)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $12.41 and traded as high as $13.15. Liberty Global shares last traded at $13.0340, with a volume of 504 shares.

Wall Street Analyst Weigh In

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

Liberty Global Trading Down 0.9%

The business has a 50 day simple moving average of $12.41 and a 200 day simple moving average of $13.33. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.28 and a quick ratio of 1.28. The company has a market cap of $4.44 billion, a price-to-earnings ratio of -1.45 and a beta of 0.42.

Liberty Global (NASDAQ:LBTYB) last released 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). The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.34 billion. Liberty Global had a negative net margin of 62.11% and a negative return on equity of 28.82%.

Institutional Trading of Liberty Global

A hedge fund recently bought a new stake in Liberty Global stock. FNY Investment Advisers LLC acquired a new position in Liberty Global Ltd (NASDAQ:LBTYB) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 5,252 shares of the company’s stock, valued at approximately $68,000. Institutional investors 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.