Global Crossing Airlines Group (OTCMKTS:JETMF) Shares Down 4.9% – Should You Sell?
by Tristan Rich · The Markets DailyGlobal Crossing Airlines Group Inc. (OTCMKTS:JETMF – Get Free Report) was down 4.9% during mid-day trading on Monday . The stock traded as low as $0.7225 and last traded at $0.7225. Approximately 55,128 shares were traded during trading, an increase of 22% from the average daily volume of 45,080 shares. The stock had previously closed at $0.76.
Global Crossing Airlines Group Price Performance
The firm’s 50-day moving average is $0.71 and its 200-day moving average is $0.61. The company has a market capitalization of $47.94 million, a P/E ratio of -72.25 and a beta of 1.00.
Global Crossing Airlines Group (OTCMKTS:JETMF – Get Free Report) last announced its earnings results on Wednesday, May 6th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.06. The business had revenue of $76.57 million for the quarter, compared to the consensus estimate of $60.53 million.
About Global Crossing Airlines Group
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.