Air Transport Services Group Inc. (ATSG) Sees Strong Trading Volume
Air Transport Services Group Inc. (NASDAQ:ATSG) shares saw an uptick in trading volume on Friday . 636,147 shares were traded during trading, an increase of 77% from the previous session’s volume of 360,015 shares.The stock last traded at $13.19 and had previously closed at $12.85.
Separately, TheStreet upgraded Air Transport Services Group from a “hold” rating to a “buy” rating in a research report on Monday, April 11th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $14.67.
The firm has a 50 day moving average price of $13.07 and a 200-day moving average price of $12.46. The stock has a market capitalization of $840.95 million and a PE ratio of 21.31.
Air Transport Services Group (NASDAQ:ATSG) last released its earnings results on Tuesday, May 10th. The company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.01. During the same period in the previous year, the firm posted $0.14 EPS. The company had revenue of $177.40 million for the quarter, compared to analyst estimates of $167.12 million. The business’s revenue for the quarter was up 20.7% compared to the same quarter last year. Analysts predict that Air Transport Services Group Inc. will post $0.60 EPS for the current fiscal year.
A hedge fund recently raised its stake in Air Transport Services Group stock. Paradigm Capital Management Inc. NY raised its stake in Air Transport Services Group Inc. (NASDAQ:ATSG) by 1.7% during the fourth quarter, Holdings Channel reports. The firm owned 178,500 shares of the company’s stock after buying an additional 3,000 shares during the period. Paradigm Capital Management Inc. NY owned 0.28% of Air Transport Services Group worth $1,799,000 at the end of the most recent reporting period.
Air Transport Services Group, Inc (ATSG) is a holding company. Through its subsidiaries, the Company provides aircraft leasing, airline operations, aircraft maintenance and other support services to the air cargo transportation and package delivery industries. The Company offers a range of services to delivery companies, freight forwarders, airlines and Government customers.
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