Inmarsat (OTCMKTS:IMASF) Stock Price Down 7.7% – What’s Next?

Shares of Inmarsat Plc (OTCMKTS:IMASF) dropped 7.7% during trading on Wednesday . The stock traded as low as $8.12 and last traded at $8.12. Approximately 100 shares traded hands during trading, a decline of 25% from the average daily volume of 133 shares. The stock had previously closed at $8.80.

Inmarsat Trading Down 7.7 %

The stock’s fifty day moving average is $8.12 and its two-hundred day moving average is $8.12.

About Inmarsat

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.