Global Eagle Entertainment Inc. (ENT) Plunges 5.31%

Global Eagle Entertainment Inc. (ENT) Plunges 5.31%

Global Eagle Entertainment Inc. (ENT) had a rough trading day for Wednesday October 09 as shares tumbled 5.31%, or a loss of $-0.0329 per share, to close at $0.59. After opening the day at $0.63, shares of Global Eagle Entertainment Inc. traded as high as $0.65 and as low as $0.59. Volume was 74,011 shares over 293 trades, against an average daily volume of n/a shares and a total float of 92.82 million.

As a result of the decline, Global Eagle Entertainment Inc. now has a market cap of $54.5 million. In the last year, shares of Global Eagle Entertainment Inc. have traded between a range of $2.99 and $0.42, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.

Global Eagle Entertainment Inc provides content, connectivity, and digital media solutions for the travel industry worldwide. It operates in two segments, Media & Content and Connectivity. The Media & Content buys, produces, manages, distributes, and provides post-production services and wholly-owned and licensed media content, video and music programming, advertising, applications, and video games for and to the airline, maritime, and other away from home non-theatrical markets. The Connectivity segment provides satellite-based connectivity services to enterprise and government customers in the aviation, maritime, and land vertical markets. The company operates in the United States, Canada, Europe, Asia and the Middle East.

Global Eagle Entertainment Inc. is based out of Los Angeles, CA and has some 1,517 employees. Its CEO is Joshua Marks.

Global Eagle Entertainment Inc. is a component of the Russell 2000. 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.

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