AEVEX (NYSE:AVEX – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.01, Zacks reports.
AEVEX Price Performance
AVEX stock traded up $0.38 during midday trading on Wednesday, reaching $22.53. The company had a trading volume of 2,658,279 shares, compared to its average volume of 2,468,598. The company’s 50-day moving average is $18.53. The company has a market cap of $2.57 billion and a P/E ratio of 90.12. AEVEX has a 1 year low of $13.07 and a 1 year high of $42.34. The company has a quick ratio of 2.63, a current ratio of 2.69 and a debt-to-equity ratio of 1.15.
Insider Transactions at AEVEX
In related news, major shareholder Madison Dearborn Partners Llc sold 2,273,843 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $25.99, for a total value of $59,097,179.57. Following the completion of the transaction, the insider directly owned 22,861,457 shares in the company, valued at approximately $594,169,267.43. The trade was a 9.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Analyst Ratings Changes
View Our Latest Stock Analysis on AEVEX
AEVEX Company Profile
AEVEX Corp. is a holding company which designs, manufactures and provides autonomous systems and navigation technologies. The company’s operating segment includes tactical systems and global solutions. AEVEX Corp. is based in Solana Beach, California.
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