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Today's Research Reports on Trending Tickers: Iridium Communications and GTT Communications

NEW YORK, NY / ACCESSWIRE / August 28, 2018 / U.S. markets rose Monday, with the S&P 500 and Nasdaq finishing at new records for the second consecutive session, on news of the new trade agreement with the U.S. and Mexico. The Dow Jones Industrial Average jumped 1.01 percent to close at 26,049.64, while the S&P 500 Index increased 0.77 percent to close at 2,896.74. The Nasdaq Composite Index rose 0.91 percent to close at 8,017.90.

“Obviously, it’s about Nafta and it’s about trade,” said chief economic strategist at Capitol Securities Management, Kent Engelke. He expressed that he was “extremely optimistic about the [domestic] economy, but neutral about the indexes.”

RDI Initiates Coverage on:

Iridium Communications Inc.
https://rdinvesting.com/news/?ticker=IRDM

GTT Communications, Inc.
https://rdinvesting.com/news/?ticker=GTT

Iridium Communications' stock moved 6.24% lower Monday, to close the day at $19.55. The stock recorded a trading volume of 1,779,055 shares, which was above its three months average volume of 1,337,867 shares. In the last year, Iridium Communications' shares have traded in a range of 9.68 - 21.25. The share price has gained 101.96% from its 52 week low. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $19.00 is above its 200-day moving average of $14.63. Shares of the company are trading at a Price to Earnings ratio of 13.58. Shares of Iridium Communications have gained roughly 8.91 percent in the past month and are up 65.68 percent year-to-date.

Access RDI's Iridium Communications Inc. Research Report at:
https://rdinvesting.com/news/?ticker=IRDM

On Monday, shares of GTT Communications recorded a trading volume of 582,681 shares, which was below the three months average volume of 598,749 shares. The stock ended the day 7.74% higher at $43.15. The share price has fallen 30.76% from its 52 week high with a 52 week trading range of 28.65 - 62.32. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $42.32 is below its 200-day moving average of $48.61. Shares of GTT Communications have fallen roughly 5.16 percent in the past month and are down 8.09 percent year-to-date.

Access RDI's GTT Communications, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=GTT

Our Actionable Research on Iridium Communications Inc. (NASDAQ : IRDM ) and GTT Communications, Inc. (NYSE : GTT ) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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SOURCE: RDInvesting.com