EchoStar (NASDAQ:SATS) Trading Down 4.6% - Should You Sell?

EchoStar Co. (NASDAQ:SATS - Get Free Report) dropped 4.6% during trading on Tuesday . The stock traded as low as $17.14 and last traded at $17.38. Approximately 907,182 shares traded hands during mid-day trading, a decline of 53% from the average daily volume of 1,911,044 shares. The stock had previously closed at $18.21.

EchoStar Stock Up 0.3%

The company has a debt-to-equity ratio of 1.11, a current ratio of 0.67 and a quick ratio of 0.61. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of -1.77 and a beta of 0.83. The firm's 50-day simple moving average is $21.91 and its two-hundred day simple moving average is $24.55.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. 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 purchasing an additional 975 shares during the last quarter. Smartleaf Asset Management LLC increased its position in EchoStar by 251.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,609 shares of the communications equipment provider's stock worth $37,000 after purchasing an additional 1,151 shares in the last quarter. State of Wyoming purchased a new position in EchoStar in the fourth quarter valued at approximately $47,000. Fifth Third Bancorp raised its holdings in EchoStar by 44.5% in the first quarter. Fifth Third Bancorp now owns 1,841 shares of the communications equipment provider's stock valued at $47,000 after buying an additional 567 shares during the period. Finally, GAMMA Investing LLC lifted 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 buying an additional 976 shares in the last quarter. 33.62% of the stock is owned by hedge funds and other institutional investors.

About EchoStar

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.