FLYHT Aerospace Solutions (CVE:FLY) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

FLYHT Aerospace Solutions Ltd. (CVE:FLYGet Free Report)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.36 and traded as low as C$0.21. FLYHT Aerospace Solutions shares last traded at C$0.22, with a volume of 24,140 shares.

FLYHT Aerospace Solutions Price Performance

The stock has a market cap of C$8.97 million, a price-to-earnings ratio of -1.92 and a beta of 1.35. The stock’s 50 day moving average price is C$0.22 and its two-hundred day moving average price is C$0.36. The company has a quick ratio of 1.41, a current ratio of 1.20 and a debt-to-equity ratio of 2,219.28.

FLYHT Aerospace Solutions (CVE:FLYGet Free Report) last released its quarterly earnings data on Wednesday, August 28th. The company reported C($0.05) earnings per share for the quarter. The business had revenue of C$4.31 million during the quarter. FLYHT Aerospace Solutions had a negative return on equity of 512.14% and a negative net margin of 26.10%. Equities research analysts forecast that FLYHT Aerospace Solutions Ltd. will post -0.05 EPS for the current fiscal year.

About FLYHT Aerospace Solutions

(Get Free Report)

FLYHT Aerospace Solutions Ltd. provides real-time communications with aircrafts for the aerospace industry. The company offers AFIRS, an automated flight information reporting system that is an aircraft satcom/interface device, which enables cockpit voice communications, real-time aircraft state analysis, and the transmission of aircraft data while inflight; TAMDAR, a tropospheric airborne meteorological data reporting system that deliver airborne weather and humidity data in real-time; FLYHT-WVSS-II, a mounted aircraft sensor that detects and reports water vapour; AFIRS Edge, provides AID functions to supply aircraft’s data to the flight deck for EFB applications; FleetWatch, offers configurable fleet situational awareness platform; FuelSense, provides insight to an airline’s management and usage of fuel; and ClearPort, a clear view into the status of an aircraft.

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