Liberty Global (NASDAQ:LBTYB) Shares Gap Down – Here’s Why

Shares of Liberty Global Ltd (NASDAQ:LBTYB) gapped down before the market opened on Thursday. The stock had previously closed at $11.76, but opened at $10.95. Liberty Global shares last traded at $10.8240, with a volume of 481 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings reissued 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. According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Liberty Global Trading Down 8.0%

The stock has a fifty day moving average of $12.41 and a 200-day moving average of $12.95. The company has a market cap of $3.69 billion, a PE ratio of -1.21 and a beta of 0.46. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.28 and a current ratio of 1.28.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Liberty Global stock. FNY Investment Advisers LLC acquired a new stake in Liberty Global Ltd (NASDAQ:LBTYB) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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.

Liberty Global Company Profile

Liberty Global Ltd. is an international telecommunications and media company that invests in and operates broadband, mobile, fixed-line telephone, and video businesses. Its services generally include high-speed internet, wireless communications, digital television, streaming and entertainment offerings, and business connectivity solutions.

The company has operations and strategic investments across Europe, including interests in Virgin Media O2 in the United Kingdom, Telenet in Belgium, VodafoneZiggo in the Netherlands, and Sunrise in Switzerland.