Liberty Global (NASDAQ:LBTYB) Trading Down 6.1% – Should You Sell?

Liberty Global Ltd (NASDAQ:LBTYB)’s stock price fell 6.1% during mid-day trading on Thursday . The company traded as low as $12.93 and last traded at $12.5760. Approximately 142 shares traded hands during mid-day trading, a decline of 100% from the average session volume of 29,829 shares. The stock had previously closed at $13.40.

Analysts Set New Price Targets

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

Liberty Global Stock Down 3.5%

The stock’s fifty day moving average is $12.40 and its two-hundred day moving average is $13.40. 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 $4.26 billion, a P/E ratio of -1.39 and a beta of 0.43.

Liberty Global (NASDAQ:LBTYB) last released its quarterly earnings results on Friday, July 24th. The company reported ($1.07) 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 firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.34 billion.

Hedge Funds Weigh In On Liberty Global

An institutional investor recently bought a new stake in Liberty Global stock. FNY Investment Advisers LLC purchased a new stake in Liberty Global Ltd (NASDAQ:LBTYB) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,252 shares of the company’s stock, valued at approximately $68,000. 0.47% of the stock is owned by 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.