Global Crossing Airlines Group (OTCMKTS:JETMF) Stock Bumped Up to “Hold” by Zacks Research

Zacks Research upgraded shares of Global Crossing Airlines Group (OTCMKTS:JETMF) from a strong sell rating to a hold rating in a research note released on Wednesday,Zacks reports.

Global Crossing Airlines Group Stock Down 7.2%

OTCMKTS JETMF opened at $0.54 on Wednesday. Global Crossing Airlines Group has a 52 week low of $0.38 and a 52 week high of $0.87. The firm has a 50 day moving average of $0.59 and a two-hundred day moving average of $0.64. The stock has a market capitalization of $36.98 million, a PE ratio of -13.60 and a beta of 0.98.

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

About Global Crossing Airlines Group

Global Crossing Airlines Group, Inc, operating as GlobalX, is a U.S. charter airline based in Miami, Florida. The company provides passenger and cargo air transportation services, with an emphasis on charter operations and aircraft, crew, maintenance and insurance (ACMI) wet-lease arrangements.

GlobalX operates Airbus A320-family aircraft and serves a range of customers, including tour operators, other airlines, professional sports organizations, government agencies, military and humanitarian organizations, and cargo customers.