Inmarsat Plc (OTCMKTS:IMASF – Get Free Report) shares dropped 7.7% during mid-day trading on Monday . The company traded as low as $8.12 and last traded at $8.12. Approximately 100 shares changed hands during mid-day trading, a decline of 25% from the average daily volume of 133 shares. The stock had previously closed at $8.80.
Inmarsat Price Performance
The firm’s 50-day moving average is $8.12 and its 200-day moving average is $8.12.
Inmarsat Company Profile
Inmarsat plc provides mobile satellite communications services on land, at sea, and in the air worldwide. The company operates through five segments: Maritime, US Government, Enterprise, Aviation, and Global Government. 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.
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