Eutelsat Communications (OTCMKTS:EUTLF) Shares Down 16.5% – Here’s Why

Eutelsat Communications (OTCMKTS:EUTLF) was down 16.5% on Wednesday . The stock traded as low as $2.06 and last traded at $2.78. Approximately 7,845 shares traded hands during trading, a decline of 46% from the average daily volume of 14,462 shares. The stock had previously closed at $3.33.

Eutelsat Communications Price Performance

The company has a 50-day moving average of $3.91 and a 200-day moving average of $3.83. The company has a current ratio of 1.38, a quick ratio of 1.28 and a debt-to-equity ratio of 0.94.

About Eutelsat Communications

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.