Global Crossing Airlines Group (OTCMKTS:JETMF) Stock Rating Lowered by Zacks Research

Global Crossing Airlines Group (OTCMKTS:JETMF) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday,Zacks.com reports.

Separately, Litchfield Hills Research started coverage on shares of Global Crossing Airlines Group in a report on Monday, June 22nd. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Global Crossing Airlines Group Stock Down 1.9%

Global Crossing Airlines Group stock opened at $0.56 on Tuesday. Global Crossing Airlines Group has a 12-month low of $0.38 and a 12-month high of $0.87. The firm’s fifty day moving average is $0.60 and its 200 day moving average is $0.61. The company has a market capitalization of $37.15 million, a PE ratio of -13.90 and a beta of 1.00.

Global Crossing Airlines Group (OTCMKTS:JETMF) last issued its earnings results on Wednesday, August 12th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.02). The firm had revenue of $62.02 million during the quarter, compared to the consensus estimate of $67.11 million. Sell-side analysts expect that Global Crossing Airlines Group will post 0.06 EPS for the current fiscal year.

Global Crossing Airlines Group Company Profile

Global Crossing Airlines Group (OTCMKTS: JETMF) is an aviation holding company whose principal subsidiary, GlobalX Airlines, provides passenger charter, scheduled and ACMI (aircraft, crew, maintenance and insurance) services. The company operates a fleet of narrow-body aircraft, primarily Airbus A320‐family jets, configured to support leisure and charter markets, air-bridge operations and ad hoc charters.

The company’s main business activities include on-demand charter flights for tour operators, cruise lines and corporate clients, as well as scheduled service linking key U.S.