Global Crossing Airlines Group (OTCMKTS:JETMF) Lowered to Strong Sell Rating by Zacks Research

Zacks Research downgraded shares of Global Crossing Airlines Group (OTCMKTS:JETMF) from a hold rating to a strong sell rating in a research note published on Tuesday,Zacks.com reports.

Separately, Litchfield Hills Research initiated coverage on Global Crossing Airlines Group in a research report on Monday, June 22nd. They set a “buy” rating for the company. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Global Crossing Airlines Group Trading Down 1.9%

OTCMKTS:JETMF opened at $0.56 on Tuesday. The company has a market capitalization of $37.15 million, a P/E ratio of -13.90 and a beta of 1.00. The firm has a 50-day moving average price of $0.60 and a two-hundred day moving average price of $0.61. Global Crossing Airlines Group has a twelve month low of $0.38 and a twelve month high of $0.87.

Global Crossing Airlines Group (OTCMKTS:JETMF) last announced its quarterly earnings results on Wednesday, August 12th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.02). The business had revenue of $62.02 million for the quarter, compared to the consensus estimate of $67.11 million. On average, equities research analysts predict that Global Crossing Airlines Group will post 0.06 earnings per share for the current year.

About Global Crossing Airlines Group

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.