Global Crossing Airlines Group (OTCMKTS:JETMF – Get Free Report) announced its earnings results on Wednesday. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.05), Zacks reports.
Global Crossing Airlines Group Stock Up 4.2%
JETMF traded up $0.03 during trading on Wednesday, hitting $0.62. The company’s stock had a trading volume of 902 shares, compared to its average volume of 67,641. Global Crossing Airlines Group has a twelve month low of $0.38 and a twelve month high of $0.87. The stock’s fifty day moving average price is $0.65 and its 200-day moving average price is $0.62. The firm has a market capitalization of $41.43 million, a P/E ratio of -62.00 and a beta of 1.00.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on JETMF. Litchfield Hills Research started coverage on Global Crossing Airlines Group in a research report on Monday, June 22nd. They set a “buy” rating for the company. Zacks Research raised shares of Global Crossing Airlines Group to a “hold” rating in a research report on Thursday, June 25th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Global Crossing Airlines Group presently has a consensus rating of “Moderate Buy”.
Global Crossing Airlines Group Company Profile
Global Crossing Airlines Group (OTCMKTS: JETMF) is an aviation holding company whose principal subsidiary, GlobalX Airlines, provides passenger charter, scheduled and ACMI (aircraft, crew, maintenance and insurance) services. The company operates a fleet of narrow-body aircraft, primarily Airbus A320‐family jets, configured to support leisure and charter markets, air-bridge operations and ad hoc charters.
The company’s main business activities include on-demand charter flights for tour operators, cruise lines and corporate clients, as well as scheduled service linking key U.S.
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