Cargojet (OTCMKTS:CGJTF) Stock Price Down 1% – Should You Sell?

Shares of Cargojet Inc. (OTCMKTS:CGJTF) fell 1% during mid-day trading on Monday . The company traded as low as $56.9150 and last traded at $56.9150. 1,587 shares traded hands during trading, a decline of 86% from the average session volume of 11,495 shares. The stock had previously closed at $57.47.

Analyst Upgrades and Downgrades

CGJTF has been the subject of several research reports. Scotiabank reiterated an “outperform” rating on shares of Cargojet in a research report on Wednesday, January 21st. BMO Capital Markets restated a “market perform” rating on shares of Cargojet in a report on Thursday, January 15th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Cargojet presently has an average rating of “Moderate Buy”.

Cargojet Stock Up 1.5%

The company has a debt-to-equity ratio of 1.31, a current ratio of 1.23 and a quick ratio of 1.20. The firm has a 50 day moving average price of $66.69 and a two-hundred day moving average price of $62.59.

Cargojet (OTCMKTS:CGJTF) last announced its earnings results on Tuesday, February 24th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.73 by $0.32. The business had revenue of $207.32 million for the quarter, compared to analysts’ expectations of $251.30 million. Cargojet had a return on equity of 10.00% and a net margin of 7.97%.

About Cargojet

Cargojet Inc is a Canadian-based air cargo carrier specializing in time-sensitive freight transportation. The company operates scheduled and on-demand cargo services throughout Canada and into international markets, providing next-flight-out and overnight delivery for a broad range of shippers. Cargojet’s fleet—anchored by Boeing 767-300ER freighters—is configured to handle standard palletized freight as well as specialized shipments such as temperature-controlled pharmaceuticals and high-value electronics.

Headquartered in Mississauga, Ontario, Cargojet serves major Canadian gateways including Toronto, Vancouver and Montreal, and extends its network into the United States, the Caribbean and select Latin American destinations.