Cargojet (OTCMKTS:CGJTF) Shares Gap Down – Should You Sell?

Cargojet Inc. (OTCMKTS:CGJTF)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $62.99, but opened at $60.06. Cargojet shares last traded at $60.06, with a volume of 69 shares trading hands.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CGJTF shares. Scotiabank reissued an “outperform” rating on shares of Cargojet in a research report on Thursday, July 16th. TD Securities restated a “buy” rating on shares of Cargojet in a research report on Wednesday, May 6th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Cargojet Stock Performance

The company has a market capitalization of $894.89 million and a PE ratio of 40.31. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 1.20. The firm’s 50-day simple moving average is $60.29 and its 200-day simple moving average is $62.74.

Cargojet (OTCMKTS:CGJTF) last released its quarterly earnings data on Monday, May 4th. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.16). Cargojet had a return on equity of 4.96% and a net margin of 3.62%.The business had revenue of $185.68 million during the quarter, compared to analysts’ expectations of $175.56 million.

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.