GTT Communications Inc. is a GTT operates a global communications network, providing telecommunications services to large, multinational enterprises, carriers, and governments across five continents.
GTT Communications Inc. (GTT) had a rough trading day for Tuesday December 08 as shares tumbled 5.35%, or a loss of $-0.26 per share, to close at $4.60. After opening the day at $4.75, shares of GTT Communications Inc. traded as high as $4.93 and as low as $4.59. Volume was 389,417 shares over 3,169 trades, against an average daily volume of n/a shares and a total float of 58.82 million.
As a result of the decline, GTT Communications Inc. now has a market cap of $270.57 million. In the last year, shares of GTT Communications Inc. have traded between a range of $15.78 and $3.39, and its 50-day SMA is currently $n/a and 200-day SMA is $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 United States account for about 40% of the firm’s revenue, with most non-U.S. revenue coming from customers primarily in Europe.
GTT Communications Inc. is based out of McLean, VA and has some 3,100 employees. Its CEO is Ernie Ortega.