BATM Advanced Communications (LON:BVC) Shares Cross Above 50-Day Moving Average of $43.77

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BATM Advanced Communications Ltd (LON:BVC) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $43.77 and traded as high as $47.93. BATM Advanced Communications shares last traded at $46.80, with a volume of 789,796 shares changing hands.

Several equities research analysts have recently weighed in on BVC shares. Shore Capital reiterated a “house stock” rating on shares of BATM Advanced Communications in a research report on Monday, July 8th. Berenberg Bank reissued a “house stock” rating on shares of BATM Advanced Communications in a report on Thursday, August 1st.

The firm has a market cap of $204.65 million and a PE ratio of 468.00. The company has a 50 day simple moving average of GBX 43.86 and a 200-day simple moving average of GBX 46.75. The company has a debt-to-equity ratio of 7.05, a current ratio of 2.11 and a quick ratio of 1.43.

About BATM Advanced Communications (LON:BVC)

BATM Advanced Communications Ltd., together with its subsidiaries, engages in the research and development, production, and marketing of data communication products in the field of metropolitan area networks; and bio-medical products. The company's Networking and Cyber division is involved in the research and development, production, and marketing of data communication products in the field of local and wide area networks, and premises management systems worldwide.

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