Cargojet (OTCMKTS:CGJTF) Shares Gap Down – Here’s What Happened

Cargojet Inc. (OTCMKTS:CGJTF)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $62.01, but opened at $57.47. Cargojet shares last traded at $57.47, with a volume of 53 shares traded.

Analyst Ratings Changes

Separately, 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 given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Cargojet Trading Down 2.5%

The company has a fifty day simple moving average of $59.86 and a 200-day simple moving average of $62.41. The company has a market capitalization of $861.82 million and a PE ratio of 38.82. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 1.20.

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

Cargojet Company Profile

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.