Inmarsat (LON:ISAT) Shares Up 0.8%

Inmarsat Plc (LON:ISATGet Rating)’s stock price shot up 0.8% during mid-day trading on Thursday . The company traded as high as GBX 544.40 ($6.67) and last traded at GBX 544.40 ($6.67). 59,513,200 shares changed hands during mid-day trading, an increase of 1,587% from the average session volume of 3,528,543 shares. The stock had previously closed at GBX 540 ($6.62).

Inmarsat Price Performance

The firm’s fifty day moving average price is GBX 544.40 and its two-hundred day moving average price is GBX 544.40. The stock has a market cap of £2.56 billion and a price-to-earnings ratio of -41.56. The company has a debt-to-equity ratio of 202.10, a current ratio of 0.84 and a quick ratio of 0.79.

About Inmarsat

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Inmarsat plc provides mobile satellite communications services on land, at sea, and in the air worldwide. The company operates through five segments: Maritime, U.S. Government, Global Government, Aviation, and Enterprise. It offers voice and data broadband services; global maritime distress and safety system services; mobile and fixed voice services; a portfolio of machine-to-machine services that provide two-way data connectivity for messaging, tracking, and monitoring of fixed or mobile assets; maritime satellite services, including very small aperture terminals and television receive only antenna services; and Global Xpress, a high-speed broadband service that offer seamless connectivity for advanced data services on land, at sea, and in the air.

Further Reading

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