Starfighters Space (NYSEAMERICAN:FJET) Stock Jumps 9.8% – Time to Buy?

Starfighters Space, Inc. (NYSEAMERICAN:FJET) shares were up 9.8% on Friday. The company traded as high as $0.8305 and last traded at $0.8181. Approximately 565,257 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 1,232,163 shares. The stock had previously closed at $0.7454.

Starfighters Space Trading Up 9.8%

The firm has a market capitalization of $45.00 million and a price-to-earnings ratio of -0.92. The company has a fifty day moving average price of $1.64 and a two-hundred day moving average price of $4.83. The company has a current ratio of 11.94, a quick ratio of 11.95 and a debt-to-equity ratio of 0.01.

Starfighters Space (NYSEAMERICAN:FJET) last posted its quarterly earnings results on Wednesday, August 19th. The company reported ($0.24) earnings per share (EPS) for the quarter.

Institutional Trading of Starfighters Space

Several large investors have recently added to or reduced their stakes in FJET. McElhenny Sheffield Capital Management LLC acquired a new position in shares of Starfighters Space during the 3rd quarter valued at about $46,000. Russell Investments Group Ltd. grew its holdings in shares of Starfighters Space by 4,068.0% in the third quarter. Russell Investments Group Ltd. now owns 105,785 shares of the company’s stock valued at $194,000 after purchasing an additional 103,247 shares during the period. MCF Advisors LLC purchased a new stake in shares of Starfighters Space in the second quarter valued at about $288,000. Integrated Wealth Concepts LLC acquired a new stake in Starfighters Space during the second quarter worth about $35,000. Finally, Legacy Wealth Managment LLC ID acquired a new stake in Starfighters Space during the second quarter worth about $53,000.

About Starfighters Space

Starfighters Space, Inc is an aerospace and commercial space company focused on providing high-speed flight and space-related services using a fleet of Lockheed F-104 Starfighter aircraft. The company’s operations are centered on leveraging these supersonic aircraft as platforms for research, testing, training and other specialized aerospace applications.

Its services include high-altitude and supersonic flight operations, astronaut and pilot training, technology demonstrations, and support for research and development programs.