Telesat Corp (NASDAQ:TSAT - Get Free Report) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 154,300 shares, a growth of 27.3% from the February 28th total of 121,200 shares. Based on an average trading volume of 71,000 shares, the short-interest ratio is presently 2.2 days. Currently, 1.3% of the shares of the company are short sold.
Telesat Stock Performance
Shares of NASDAQ:TSAT traded down $1.00 on Friday, reaching $16.62. 143,680 shares of the company's stock were exchanged, compared to its average volume of 51,372. The company has a current ratio of 4.36, a quick ratio of 4.36 and a debt-to-equity ratio of 1.11. Telesat has a twelve month low of $6.93 and a twelve month high of $25.38. The company has a fifty day moving average of $19.68 and a 200-day moving average of $16.16. The company has a market capitalization of $226.71 million, a price-to-earnings ratio of 6.84 and a beta of 2.35.
Telesat (NASDAQ:TSAT - Get Free Report) last posted its quarterly earnings data on Thursday, March 27th. The company reported ($5.90) EPS for the quarter, missing analysts' consensus estimates of ($1.21) by ($4.69). The company had revenue of $88.94 million for the quarter, compared to the consensus estimate of $120.60 million. Telesat had a negative return on equity of 3.16% and a net margin of 7.99%.
Institutional Investors Weigh In On Telesat
A number of large investors have recently bought and sold shares of TSAT. LM Asset IM Inc. bought a new stake in shares of Telesat during the 4th quarter worth approximately $13,290,000. GABELLI & Co INVESTMENT ADVISERS INC. raised its position in Telesat by 12.2% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 100,611 shares of the company's stock valued at $1,654,000 after purchasing an additional 10,900 shares in the last quarter. Aristeia Capital L.L.C. bought a new stake in Telesat during the fourth quarter worth $649,000. Squarepoint Ops LLC acquired a new stake in shares of Telesat in the 4th quarter valued at $552,000. Finally, Millennium Management LLC bought a new position in shares of Telesat in the 4th quarter valued at $368,000.
About Telesat
(
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Telesat Corporation, a satellite operator, provides mission-critical communications solutions to broadcast, enterprise, and consulting customers worldwide. The company's satellite-based services allow direct-to-home (DTH) service providers to deliver television programming, audio, and information channels directly to customers' homes; and enables broadcasters, cable networks, and DTH service providers to transmit television programming services.
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