Saker Aviation Services (OTCMKTS:SKAS) Shares Cross Below 50-Day Moving Average of $2.86

Saker Aviation Services Inc (OTCMKTS:SKAS)’s share price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $2.86 and traded as low as $2.32. Saker Aviation Services shares last traded at $2.32, with a volume of 1,237 shares traded.

Separately, ValuEngine upgraded Saker Aviation Services from a “hold” rating to a “buy” rating in a research report on Friday, August 14th.

The company has a quick ratio of 5.80, a current ratio of 6.02 and a debt-to-equity ratio of 0.08. The company has a market cap of $2.42 million, a PE ratio of -5.27 and a beta of 1.41. The stock has a 50-day moving average of $2.86 and a 200-day moving average of $3.37.

Saker Aviation Services (OTCMKTS:SKAS) last issued its quarterly earnings data on Friday, August 14th. The company reported ($0.52) earnings per share (EPS) for the quarter. Saker Aviation Services had a negative return on equity of 4.68% and a negative net margin of 5.47%. The business had revenue of $0.44 million during the quarter.

About Saker Aviation Services (OTCMKTS:SKAS)

Saker Aviation Services, Inc, through its subsidiaries, operates in the aviation services segment of the general aviation industry in the United States. The company serves as the operator of a heliport, a fixed base operation (FBO); a provider of aircraft maintenance and repair services (MRO); and a consultant for a seaplane base.

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