Satellogic Inc. (NASDAQ:SATLW – Get Free Report) shares were down 2% during mid-day trading on Tuesday . The company traded as low as $2.80 and last traded at $2.94. Approximately 10,691 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 92,668 shares. The stock had previously closed at $3.00.
Satellogic Price Performance
The company has a 50 day moving average of $2.09 and a 200 day moving average of $1.08.
Satellogic Company Profile
Satellogic is a New York–listed geospatial analytics company specializing in the design, manufacture and operation of Earth observation satellites. Leveraging a proprietary high-resolution imaging platform, the company provides frequent revisit imagery and analytics to support applications in agriculture, forestry, infrastructure monitoring, and defense. Satellogic’s vertically integrated approach encompasses satellite development, ground station operations and data processing to deliver actionable insights to commercial and government clients.
Founded in 2010 by Emiliano Kargieman and Gerardo Richarte, Satellogic has pursued an ambitious plan to build a large constellation of small, cost-effective satellites.
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