Eutelsat Communications (OTCMKTS:EUTLF) Shares Gap Down - What's Next?

Key Points

• Eutelsat Communications shares gapped down from $3.50 to $3.16 before the market opened, with recent trading volume reported at 2,500 shares.
• Kepler Capital Markets upgraded Eutelsat shares from a "strong sell" to a "hold" rating; however, the stock currently holds an average rating of "Reduce" from analysts.
• The firm has a current ratio of 1.38 and a debt-to-equity ratio of 0.94, indicating reasonable liquidity and leverage management.

Eutelsat Communications (OTCMKTS:EUTLF - Get Free Report)'s stock price gapped down before the market opened on Friday . The stock had previously closed at $3.50, but opened at $3.16. Eutelsat Communications shares last traded at $3.50, with a volume of 2,500 shares traded.

Analyst Ratings Changes

Separately, Kepler Capital Markets upgraded shares of Eutelsat Communications from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 24th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Reduce".

Eutelsat Communications Stock Performance

The company has a 50-day moving average price of $3.76 and a two-hundred day moving average price of $4.21. The company has a current ratio of 1.38, a quick ratio of 1.28 and a debt-to-equity ratio of 0.94.

About Eutelsat Communications

Eutelsat Group, together with its subsidiaries, engages in the operation of telecommunication satellites. It provides capacity for video services, fixed data, and government services; and capacity in connectivity applications, such as fixed broadband and mobile connectivity. The company offers its services under the Eutelsat brand directly and through distributors.