Iridium Communications Inc (IRDM) experienced unusually high volume on Dec. 21, as the stock gained 1.41% to a closing price of $7.93. The stock saw 2.58 million shares trade hands over the course of the day on 5,932 trades. Given that the stock’s average daily volume over the last month has been 620,155 shares a day, this represents a pretty substantial spike over the norm.
Iridium Communications Inc has a P/B ratio of 0.58. It also has a P/E ratio of 9.9. The stock has traded between $11.36 and $5.85 over the last 52-weeks, its 50-day SMA is now $7.62, and its 200-day SMA $8.47.
Iridium Communications Inc offers voice and data communications services and products to businesses, U.S. and international government agencies and other customer. It provides mobile voice & data communications services via satellites.
Headquartered in McLean, VA, Iridium Communications Inc has 233 employees and is currently under the leadership of CEO Matthew J. Desch / Donald Lee Thoma.
For a complete fundamental analysis analysis of Iridium Communications Inc, check out Equities.com’s Stock Valuation Analysis report for IRDM. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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