Iridium Communications Inc (IRDM) Jumps 6.93% on December 22

Equities Staff |

Iridium Communications Inc (IRDM) was among the biggest gainers on the Russell 2000 for Tuesday December 22 as the stock popped 6.93% to $8.49, representing a gain of $0.55 per share. Some 429,529 shares traded hands on 3,066 trades, compared with an average daily volume of 823,889 shares out of a total float of 94.95 million. The stock opened at $8.03 and traded with an intraday range of $8.52 to $7.91.

After today's gains, Iridium Communications Inc reached a market cap of $806.12 million. Iridium Communications Inc has had a trading range between $11.36 and $5.85 over the last year, and it had a 50-day SMA of $7.64 and a 200-day SMA of $8.46.

The stock has a P/E Ratio of 10.

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.

Iridium Communications Inc is based out of McLean, VA and has some 233 employees. Its CEO is 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.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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