Eutelsat Communications (OTCMKTS:EUTLF) Shares Down 8.3% – Here’s Why

Shares of Eutelsat Communications (OTCMKTS:EUTLFGet Free Report) fell 8.3% during mid-day trading on Monday . The company traded as low as $2.14 and last traded at $2.20. 1,693 shares changed hands during trading, a decline of 88% from the average session volume of 14,340 shares. The stock had previously closed at $2.40.

Eutelsat Communications Price Performance

The business has a fifty day simple moving average of $3.58 and a 200 day simple moving average of $3.68. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.28 and a current ratio of 1.38.

About Eutelsat Communications

(Get Free Report)

Eutelsat Group, together with its subsidiaries, engages in the operation of telecommunication satellites. It provides capacity for video services, fixed data, and government services; and capacity in connectivity applications, such as fixed broadband and mobile connectivity. The company offers its services under the Eutelsat brand directly and through distributors.

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