Liberty Global (NASDAQ:LBTYB) Shares Gap Down – Should You Sell?

Liberty Global Ltd (NASDAQ:LBTYB)’s share price gapped down prior to trading on Friday. The stock had previously closed at $12.42, but opened at $11.92. Liberty Global shares last traded at $11.9250, with a volume of 6,347 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a report on Friday, July 31st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Liberty Global presently has a consensus rating of “Sell”.

Liberty Global Stock Performance

The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.82. The stock has a fifty day simple moving average of $12.54 and a 200-day simple moving average of $13.25. The company has a market capitalization of $4.01 billion, a P/E ratio of -1.31 and a beta of 0.46.

Liberty Global (NASDAQ:LBTYB) last announced 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). The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.34 billion. Liberty Global had a negative return on equity of 28.82% and a negative net margin of 62.11%.

Institutional Investors Weigh In On Liberty Global

A hedge fund recently bought a new stake in Liberty Global stock. FNY Investment Advisers LLC acquired a new position in Liberty Global Ltd (NASDAQ:LBTYB) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,252 shares of the company’s stock, valued at approximately $68,000. 0.47% of the stock is owned by institutional investors and hedge funds.

About Liberty Global

Liberty Global plc is an international telecommunications and media company that builds, operates and invests in broadband, mobile, television and fixed-line communications businesses. Its offerings generally include high-speed internet, video and entertainment services, mobile connectivity, fixed-line voice and communications solutions for businesses and public-sector customers.

The company serves customers primarily across Europe through wholly owned operations, joint ventures and strategic investments.