GTT Communications Inc. (GTT) had a good day on the market for Wednesday October 23 as shares jumped 6.7% to close at $7.80. About 790,028 shares traded hands on 3,807 trades for the day, compared with an average daily volume of n/a shares out of a total float of 56.36 million. After opening the trading day at $7.26, shares of GTT Communications Inc. stayed within a range of $8.05 to $7.24.
With today’s gains, GTT Communications Inc. now has a market cap of $439.62 million. Shares of GTT Communications Inc. have been trading within a range of $43.35 and $4.90 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.
GTT operates a global communications network, providing telecommunications services to large, multinational enterprises, carriers, and governments across five continents. Offerings include wide-area networks, Internet services (including Internet transit), voice, and other transport and infrastructure services. GTT’s network consists primarily of leased assets over long-haul routes and connects in over 600 data centers worldwide. The firm uses other carriers for last-mile connections, and its model results in low capital spending needs. GTT relies heavily on acquisitions to expand its footprint. Customers primarily located in the U.S. account for over half of the firm’s revenue, with most of the remaining revenue from customers in Europe.
GTT Communications Inc. is based out of McLean, VA and has some 3,000 employees. Its CEO is Richard D. Calder.
