Inmarsat (LON:ISAT) Stock Passes Above 200 Day Moving Average – Here’s Why

Inmarsat Plc (LON:ISAT) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 544.40 ($7.06) and traded as high as GBX 544.40 ($7.06). Inmarsat shares last traded at GBX 544.40 ($7.06), with a volume of 59,513,199 shares changing hands.

Inmarsat Price Performance

The company has a market cap of £2.56 billion and a P/E ratio of -41.56. The company has a fifty day moving average price of GBX 544.40 and a two-hundred day moving average price of GBX 544.40. The company has a debt-to-equity ratio of 202.10, a quick ratio of 0.79 and a current ratio of 0.84.

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, 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.