Bigblu Broadband (LON:BBB) Shares Down 14.6% – What’s Next?

Shares of Bigblu Broadband plc (LON:BBB) were down 14.6% on Thursday . The company traded as low as GBX 5.55 and last traded at GBX 5.55. 278,054 shares traded hands during mid-day 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 Price Performance

The stock has a market cap of £2.42 million, a price-to-earnings ratio of 0.21 and a beta of 0.41. The company has a debt-to-equity ratio of 176.01, a quick ratio of 0.69 and a current ratio of 0.82. The company has a 50-day simple moving average of GBX 5.55 and a two-hundred day simple moving average of GBX 5.55.

About Bigblu Broadband

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.