Air Methods (AIRM) Bond Prices Fall 5.5%
An issue of Air Methods Corp (NASDAQ:AIRM) debt fell 5.5% as a percentage of its face value during trading on Thursday. The debt issue has a 8% coupon and is set to mature on May 15, 2025. The debt is now trading at $69.50. Price moves in a company’s debt in credit markets sometimes predict parallel moves in its stock price.
NASDAQ:AIRM remained flat at $$42.95 during mid-day trading on Friday. Air Methods Corp has a 52-week low of $23.75 and a 52-week high of $43.95.
About Air Methods (NASDAQ:AIRM)
Air Methods Corporation is engaged in providing air medical emergency transport services and systems throughout the United States. The Company’s segments include Air Medical Services (AMS), Tourism and United Rotorcraft (UR) Division. As of December 31, 2016, its AMS Division provided air medical transportation services in 41 states to the general population as an independent service (also called community-based services) and to hospitals or other institutions under exclusive operating agreements (also called hospital-based services).
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