FLYHT Aerospace Solutions (CVE:FLY) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Shares of FLYHT Aerospace Solutions Ltd. (CVE:FLY) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.33 and traded as low as C$0.32. FLYHT Aerospace Solutions shares last traded at C$0.32, with a volume of 277,750 shares.

FLYHT Aerospace Solutions Price Performance

The stock has a fifty day moving average of C$0.23 and a two-hundred day moving average of C$0.33. The stock has a market cap of C$12.48 million, a price-to-earnings ratio of -2.67 and a beta of 1.35. 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:FLY) last posted its earnings results on Wednesday, August 28th. The company reported C($0.05) EPS for the quarter. The firm had revenue of C$4.31 million for the quarter. FLYHT Aerospace Solutions had a negative return on equity of 512.14% and a negative net margin of 26.10%. On average, equities research analysts anticipate that FLYHT Aerospace Solutions Ltd. will post -0.05 earnings per share for the current year.

About FLYHT Aerospace Solutions

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.