FLYHT Aerospace Solutions (CVE:FLY) Hits New 12-Month Low at $0.45

FLYHT Aerospace Solutions Ltd. (CVE:FLY)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as C$0.45 and last traded at C$0.46, with a volume of 6000 shares. The stock had previously closed at C$0.46.

FLYHT Aerospace Solutions Price Performance

The business’s fifty day simple moving average is C$0.56 and its 200-day simple moving average is C$0.61. The company has a current ratio of 1.30, a quick ratio of 1.41 and a debt-to-equity ratio of 281.76. The firm has a market cap of C$17.94 million, a P/E ratio of -9.20 and a beta of 1.29.

FLYHT Aerospace Solutions (CVE:FLY) last issued its earnings results on Wednesday, April 24th. The company reported C($0.04) earnings per share (EPS) for the quarter. FLYHT Aerospace Solutions had a negative net margin of 7.93% and a negative return on equity of 56.81%. The business had revenue of C$4.25 million for the quarter. As a group, analysts forecast that FLYHT Aerospace Solutions Ltd. will post -0.05 EPS for the current fiscal year.

About FLYHT Aerospace Solutions

FLYHT Aerospace Solutions Ltd. provides real-time communications with aircrafts for the aerospace industry. It offers AFIRS, an automated flight information reporting system that is an aircraft satcom/interface device, which enables cockpit voice communications, real-time aircraft state analysis, and the transmission of aircraft data while inflight; TAMDAR, a tropospheric airborne meteorological data reporting system that deliver airborne weather and humidity data in real-time; FLYHT-WVSS-II, a mounted aircraft sensor that detects and reports water vapour; AFIRS Edge, provides AID functions to supply aircraft's data to the flight deck for EFB applications; FleetWatch, offers configurable fleet situational awareness platform; FuelSense, provides insight to an airline's management and usage of fuel; and ClearPort, a clear view into the status of an aircraft.