EchoStar (NASDAQ:SATS) Shares Gap Down - Should You Sell?

EchoStar Co. (NASDAQ:SATS - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $20.17, but opened at $18.25. EchoStar shares last traded at $17.70, with a volume of 1,955,780 shares.

EchoStar Stock Down 11.3%

The company's 50 day moving average is $22.45 and its 200 day moving average is $24.69. The company has a market cap of $5.14 billion, a PE ratio of -1.95 and a beta of 0.83. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 1.11.

EchoStar (NASDAQ:SATS - Get Free Report) last issued its quarterly earnings data on Friday, May 9th. The communications equipment provider reported ($0.71) EPS for the quarter, topping analysts' consensus estimates of ($0.90) by $0.19. The company had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.87 billion. EchoStar had a negative net margin of 15.51% and a negative return on equity of 0.64%. EchoStar's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.40) earnings per share. As a group, analysts predict that EchoStar Co. will post -1.99 earnings per share for the current fiscal year.

Institutional Investors Weigh In On EchoStar

Large investors have recently modified their holdings of the business. Fifth Third Bancorp boosted its stake in EchoStar by 44.5% in the 1st quarter. Fifth Third Bancorp now owns 1,841 shares of the communications equipment provider's stock worth $47,000 after purchasing an additional 567 shares in the last quarter. Xponance Inc. raised its holdings in shares of EchoStar by 8.7% in the fourth quarter. Xponance Inc. now owns 8,773 shares of the communications equipment provider's stock worth $201,000 after buying an additional 701 shares during the last quarter. Gilder Gagnon Howe & Co. LLC lifted its stake in shares of EchoStar by 2.0% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 47,604 shares of the communications equipment provider's stock worth $1,090,000 after buying an additional 941 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of EchoStar by 8,125.0% during the first quarter. Farther Finance Advisors LLC now owns 987 shares of the communications equipment provider's stock worth $25,000 after buying an additional 975 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of EchoStar by 39.6% during the first quarter. GAMMA Investing LLC now owns 3,441 shares of the communications equipment provider's stock valued at $88,000 after buying an additional 976 shares during the last quarter. Hedge funds and other institutional investors own 33.62% of the company's stock.

EchoStar Company Profile

EchoStar Corporation, together with its subsidiaries, provides networking technologies and services worldwide. The company operates in four segments: Pay-TV, Retail Wireless, 5G Network Deployment, Broadband and Satellite Services. The Pay-TV segment offers a direct broadcast and fixed satellite services; designs, develops, and distributes receiver system; and provides digital broadcast operations, including satellite uplinking/downlinking, transmission and, other services to third-party pay-TV providers; and multichannel, live-linear and on-demand streaming over-the-top internet-based domestic, international, Latino, and Freestream video programming services under the DISH and SLING brand names.