Inmarsat (LON:ISAT) Share Price Crosses Above 200-Day Moving Average of $544.40

Inmarsat Plc (LON:ISAT)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 544.40 ($6.78) and traded as high as GBX 544.40 ($6.78). Inmarsat shares last traded at GBX 544.40 ($6.78), with a volume of 59,513,200 shares trading hands.

Inmarsat Stock Performance

The business has a fifty day simple moving average of GBX 544.40 and a 200 day simple moving average of 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 quick ratio of 0.79 and a current ratio of 0.84.

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, 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.