Is it the end of the road for SATS share price? The aviation ground handling service provider is severely hit as the COVID-19 pandemic causes the entire air travel to come to a grinding halt. As a result, SATS share price plunged to a 5-year low.
SATS share price
SATS flying high in 2016
My last coverage on this counter was in 2017. That was when SATS share price was flying high and was trading at the $5.00 bandwidth. In those days, it certainly seemed that the sky was the limit for SATS share price. Nobody could have predicted that all it takes is a pandemic to cause SATS share price to fall down to earth.
While everyone knows that the entire aviation industry is hit by the black swan event, what caught me by surprise is the resilience of SATS share price. At $3.17, SATS share price is at a 5-year low. Contrast this...