EchoStar (NASDAQ:SATS) Trading 4.3% Higher - Should You Buy?

EchoStar Co. (NASDAQ:SATS - Get Free Report) rose 4.3% during trading on Thursday . The company traded as high as $18.06 and last traded at $18.02. Approximately 1,527,329 shares were traded during mid-day trading, a decline of 26% from the average daily volume of 2,050,553 shares. The stock had previously closed at $17.27.

EchoStar Stock Down 4.2%

The stock has a market cap of $4.98 billion, a price-to-earnings ratio of -1.89 and a beta of 0.75. The firm has a 50 day simple moving average of $21.14 and a two-hundred day simple moving average of $24.30. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.67 and a quick ratio of 0.61.

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

Institutional Investors Weigh In On EchoStar

A number of hedge funds and other institutional investors have recently modified their holdings of SATS. Fifth Third Bancorp lifted its position in shares of EchoStar by 44.5% during the 1st quarter. Fifth Third Bancorp now owns 1,841 shares of the communications equipment provider's stock valued at $47,000 after acquiring an additional 567 shares during the period. Xponance Inc. lifted its holdings in shares of EchoStar by 8.7% during the 4th quarter. Xponance Inc. now owns 8,773 shares of the communications equipment provider's stock worth $201,000 after acquiring an additional 701 shares during the period. Gilder Gagnon Howe & Co. LLC boosted its position in shares of EchoStar by 2.0% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 47,604 shares of the communications equipment provider's stock worth $1,090,000 after acquiring an additional 941 shares in the last quarter. Farther Finance Advisors LLC increased its stake in EchoStar by 8,125.0% in the first quarter. Farther Finance Advisors LLC now owns 987 shares of the communications equipment provider's stock valued at $25,000 after acquiring an additional 975 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in 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 purchasing an additional 976 shares in the last quarter. Institutional investors and hedge funds 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.