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

Liberty Global Ltd (NASDAQ:LBTYB)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $13.66, but opened at $12.60. Liberty Global shares last traded at $13.0050, with a volume of 93,490 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Liberty Global Stock Down 4.0%

The firm’s 50-day moving average price is $12.41 and its two-hundred day moving average price is $13.42. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market cap of $4.47 billion, a PE ratio of -1.46 and a beta of 0.43.

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

Institutional Trading of Liberty Global

A hedge fund recently bought a new position in Liberty Global stock. FNY Investment Advisers LLC bought 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 bought 5,252 shares of the company’s stock, valued at approximately $68,000. 0.47% of the stock is currently owned by hedge funds and other institutional investors.

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.