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

Liberty Global Ltd (NASDAQ:LBTYB)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $12.29, but opened at $13.05. Liberty Global shares last traded at $13.0650, with a volume of 329 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a research note on Friday, July 31st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Liberty Global Price Performance

The company has a 50 day moving average of $12.49 and a 200 day moving average of $13.27. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.82. The firm has a market cap of $4.49 billion, a price-to-earnings ratio of -1.46 and a beta of 0.43.

Liberty Global (NASDAQ:LBTYB) last posted its earnings results on Friday, July 24th. The company reported ($1.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.59). Liberty Global had a negative net margin of 62.11% and a negative return on equity of 28.82%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.34 billion.

Institutional Trading of Liberty Global

An institutional investor recently bought a new position in Liberty Global stock. FNY Investment Advisers LLC acquired a new position in shares of Liberty Global Ltd (NASDAQ:LBTYB) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 5,252 shares of the company’s stock, valued at approximately $68,000. 0.47% of the stock is currently owned by institutional investors and hedge funds.

Liberty Global Company Profile

Liberty Global Plc is an international television and broadband company, which engages in the provision of broadband communications services. It operates through the following geographical segments: U.K. and Ireland, Belgium, Switzerland, Central and Eastern Europe, and Central and Corporate. Its products include broadband, WiFi, connectivity products, TV platforms, and TV content. The company was founded in 2004 and is headquartered in London, the United Kingdom.