Liberty Global (NASDAQ:LILAK) Stock Price Passes Below Fifty Day Moving Average – Here’s What Happened

Shares of Liberty Global PLC (NASDAQ:LILAK) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $7.94 and traded as low as $7.33. Liberty Global shares last traded at $7.36, with a volume of 733,011 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on LILAK shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a report on Thursday, January 22nd. Wall Street Zen lowered Liberty Global from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 6th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Liberty Global currently has an average rating of “Reduce” and a consensus target price of $8.20.

Liberty Global Stock Down 2.9%

The firm has a market cap of $1.47 billion, a P/E ratio of -1.99 and a beta of 1.01. The firm’s fifty day moving average is $7.94 and its 200 day moving average is $7.89. The company has a debt-to-equity ratio of 6.78, a quick ratio of 1.14 and a current ratio of 1.14.

Liberty Global (NASDAQ:LILAK) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.04. Liberty Global had a negative net margin of 16.57% and a negative return on equity of 54.11%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.09 billion.

Institutional Trading of Liberty Global

Several institutional investors have recently added to or reduced their stakes in LILAK. Raymond James Financial Inc. acquired a new position in Liberty Global in the 2nd quarter valued at $30,000. PNC Financial Services Group Inc. boosted its position in shares of Liberty Global by 45.2% in the second quarter. PNC Financial Services Group Inc. now owns 5,773 shares of the company’s stock valued at $36,000 after acquiring an additional 1,797 shares during the period. State of Alaska Department of Revenue bought a new stake in shares of Liberty Global in the third quarter valued at about $50,000. Headlands Technologies LLC grew its stake in shares of Liberty Global by 85.9% in the second quarter. Headlands Technologies LLC now owns 8,515 shares of the company’s stock valued at $53,000 after acquiring an additional 3,934 shares in the last quarter. Finally, Diversified Trust Co. bought a new position in Liberty Global during the fourth quarter worth about $78,000. 52.98% of the stock is currently owned by institutional investors.

About Liberty Global

Liberty Global plc is a leading international telecommunications and television company, offering video, broadband Internet, fixed-line and mobile services to residential and business customers. Headquartered in London and operating as an ADR on the NASDAQ under the ticker LILAK, the company focuses on developing advanced broadband networks and delivering entertainment and connectivity solutions across Europe.

The company’s core products include high-speed cable broadband, digital and interactive television, fixed-line telephony, and mobile services.