Eutelsat Group (OTCMKTS:ETCMY) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Eutelsat Group (OTCMKTS:ETCMY)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.97 and traded as low as $0.51. Eutelsat Group shares last traded at $0.51, with a volume of 2,000 shares changing hands.

Eutelsat Group Stock Performance

The company’s fifty day moving average price is $0.70 and its two-hundred day moving average price is $0.97.

About Eutelsat Group

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.