Flight Centre (OTCMKTS:FGETF) Shares Gap Down – Here’s Why

Flight Centre Ltd. (OTCMKTS:FGETFGet Free Report)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $9.56, but opened at $8.29. Flight Centre shares last traded at $8.29, with a volume of 496 shares changing hands.

Analyst Ratings Changes

Separately, Citigroup lowered Flight Centre to a “neutral” rating in a research note on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy”.

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Flight Centre Stock Performance

The company has a 50-day moving average of $8.96 and a 200-day moving average of $8.14.

About Flight Centre

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Flight Centre Travel Group (OTCMKTS: FGETF) is a global travel agency headquartered in Brisbane, Australia. The company operates across both leisure and corporate segments, offering travel booking services, tailored itineraries and travel management solutions. Through an integrated network of retail stores, online platforms and dedicated corporate divisions, Flight Centre provides airfares, hotel accommodations, package tours and ancillary travel products to individual and business clients.

Founded in 1982 by Graham Turner and Geoff Harris, the company has expanded from a single storefront in Sydney into a multinational enterprise.

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