EchoStar Co. (NASDAQ:SATS – Get Free Report) saw unusually large options trading on Wednesday. Investors bought 11,918 call options on the company. This is an increase of approximately 219% compared to the average daily volume of 3,740 call options.
EchoStar Stock Performance
Shares of SATS stock opened at $16.20 on Thursday. The stock has a fifty day moving average of $21.91 and a 200 day moving average of $24.55. EchoStar has a 52 week low of $14.79 and a 52 week high of $32.48. The firm has a market capitalization of $4.66 billion, a price-to-earnings ratio of -1.77 and a beta of 0.83. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 1.11.
EchoStar (NASDAQ:SATS – Get Free Report) last announced its quarterly earnings results 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. EchoStar had a negative return on equity of 0.64% and a negative net margin of 15.51%. The company had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.87 billion. During the same quarter last year, the firm posted ($0.40) earnings per share. The firm’s revenue was down 3.6% on a year-over-year basis. As a group, research analysts expect that EchoStar will post -1.99 earnings per share for the current year.
Institutional Trading of EchoStar
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.
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