Numis Securities Ltd reaffirmed their buy rating on shares of Satellite Solutions Worldwide Group PLC (LON:SAT) in a research note released on Thursday. The firm currently has a GBX 11.50 ($0.15) price objective on the stock.

Shares of Satellite Solutions Worldwide Group PLC (LON:SAT) traded down 1.33% on Thursday, reaching GBX 7.40. 30,000 shares of the company traded hands. The firm’s 50 day moving average is GBX 7.25 and its 200 day moving average is GBX 7.97. The company’s market capitalization is GBX 39.68 million. Satellite Solutions Worldwide Group PLC has a one year low of GBX 6.12 and a one year high of GBX 10.11.

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About Satellite Solutions Worldwide Group PLC

Satellite Solutions Worldwide Group PLC (SSW) is a United Kingdom-based global communications company, which is engaged in offering rural and last-mile satellite broadband. The Company offers a range of satellite broadband services for customers across over 30 countries. With solutions targeting business-to-consumer (B2C) and business-to-business (B2B) users, and with products developed specifically for the broadcasting/satellite news gathering (SNG), police and military markets, its brand Europasat (www.europasat.com) is an independent provider of satellite broadband Internet services across Europe.

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