Madison Air Solutions (NYSE:MAIR) Shares Break Above Fifty Day Moving Average – Should You Sell?

Madison Air Solutions Corporation (NYSE:MAIR) passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $24.56 and traded as high as $25.22. Madison Air Solutions shares last traded at $25.12, with a volume of 2,267,705 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Zacks Research downgraded shares of Madison Air Solutions from a “hold” rating to a “strong sell” rating in a report on Friday, October 9th. Citigroup dropped their target price on shares of Madison Air Solutions from $49.00 to $40.00 and set a “buy” rating for the company in a report on Monday, October 12th. Weiss Ratings downgraded shares of Madison Air Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, September 28th. Stifel Nicolaus set a $35.00 price target on shares of Madison Air Solutions in a research report on Monday, October 19th. Finally, Royal Bank Of Canada decreased their price target on Madison Air Solutions from $38.00 to $35.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 14th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.20.

Madison Air Solutions Trading Up 8.0%

The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.21 and a current ratio of 1.82. The company has a 50 day simple moving average of $24.56. The stock has a market capitalization of $12.60 billion and a price-to-earnings ratio of 0.00.

Insiders Place Their Bets

In other Madison Air Solutions news, Director Hudson La Force, III bought 20,000 shares of the company’s stock in a transaction on Tuesday, August 25th. The stock was purchased at an average cost of $27.84 per share, for a total transaction of $556,800.00. Following the acquisition, the director owned 36,713 shares of the company’s stock, valued at $1,022,089.92. The trade was a 119.67% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC purchased a new stake in Madison Air Solutions in the 2nd quarter valued at approximately $94,000. Inspire Investing LLC acquired a new stake in Madison Air Solutions during the 3rd quarter valued at $766,000. Engineers Gate Manager LP acquired a new stake in Madison Air Solutions during the 2nd quarter valued at $1,503,000. Bank of New York Mellon Corp acquired a new stake in Madison Air Solutions during the 2nd quarter valued at $1,659,000. Finally, Squarepoint Ops LLC purchased a new position in Madison Air Solutions during the second quarter worth $3,118,000.

Madison Air Solutions Company Profile

We take up to 25,000 breaths a day and spend up to 90% of our lives indoors, often breathing air that’s two to five times more polluted than outdoor air. Clean air is absolutely essential to human life, yet most people rarely think about the air we breathe at home, in our schools, in healthcare facilities and in the workplace. Poor air quality doesn’t just affect comfort; it undermines health, productivity and performance. Improving air quality is a fundamental principle that is a key tenet in everything we do.