Big Technologies (LON:BIG) Stock Price Down 3.2% – Here’s Why

Shares of Big Technologies PLC (LON:BIG) traded down 3.2% on Wednesday . The company traded as low as GBX 104.50 and last traded at GBX 104.50. 156,769 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 489,743 shares. The stock had previously closed at GBX 108.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “hold” rating and set a GBX 105 price objective on shares of Big Technologies in a research report on Monday, March 30th. Three analysts have rated the stock with a Hold rating, According to MarketBeat, Big Technologies presently has an average rating of “Hold” and an average price target of GBX 95.

Big Technologies Stock Performance

The company has a market capitalization of £305.38 million, a PE ratio of -13.06 and a beta of 0.93. The business’s 50-day moving average is GBX 99.11 and its 200-day moving average is GBX 91.44. The company has a debt-to-equity ratio of 2.31, a quick ratio of 7.23 and a current ratio of 2.35.

Big Technologies (LON:BIG) last issued its quarterly earnings results on Monday, March 30th. The company reported GBX 6.20 earnings per share (EPS) for the quarter. The company had revenue of GBX 4,973 million during the quarter. Big Technologies had a negative net margin of 46.62% and a negative return on equity of 26.32%. On average, research analysts anticipate that Big Technologies PLC will post 6.8231441 earnings per share for the current year.

Big Technologies Company Profile

Big Technologies is the parent company of the Buddi group, which was founded in 2005. Today, Big Technologies is a proven supplier of innovative and high-quality products and services to the remote personal monitoring industry. Big Technologies provides products and services under the ‘Buddi’ brand with the primary focus being the criminal justice market. Big Technologies (under the Buddi brand) has created a leading, integrated technology platform (including both hardware and software solutions) for remote monitoring of individuals, providing state-of-the-art Electronic Monitoring (EM) solutions on a SaaS-like, subscription basis.