Eutelsat Group (OTCMKTS:ETCMY) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

Eutelsat Group (OTCMKTS:ETCMY) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.85 and traded as low as $0.6237. Eutelsat Group shares last traded at $0.6629, with a volume of 13,956 shares trading hands.

Eutelsat Group Stock Performance

The stock’s 50 day simple moving average is $0.67 and its two-hundred day simple moving average is $0.85.

Eutelsat Group Company Profile

Eutelsat Group (OTCMKTS:ETCMY) is a leading global satellite operator providing video, data and connectivity solutions. The company’s fleet of geostationary satellites delivers broadcast television, video distribution and telecommunications services to broadcasters, content providers, network operators and enterprises. It also offers high-throughput broadband connectivity for fixed, cellular backhaul, maritime and in-flight entertainment applications, as well as dedicated solutions for government and defense customers.

Founded in 1977 and headquartered in Paris, Eutelsat Group operates a network of more than 40 satellites positioned over Europe, the Middle East, Africa, Asia-Pacific and the Americas.