Controladora Vuela Compania de Aviacion (NYSE:VLRS) Stock Price Crosses Below 50-Day Moving Average – Should You Sell?

Shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $9.28 and traded as low as $6.49. Controladora Vuela Compania de Aviacion shares last traded at $7.0550, with a volume of 1,516,975 shares changing hands.

Analyst Upgrades and Downgrades

VLRS has been the subject of several research analyst reports. Bank of America raised their target price on Controladora Vuela Compania de Aviacion from $9.50 to $11.20 and gave the company a “buy” rating in a research report on Monday, December 22nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research note on Wednesday, January 21st. Barclays raised their price target on Controladora Vuela Compania de Aviacion from $11.00 to $12.00 and gave the company an “overweight” rating in a report on Tuesday, February 10th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $11.00 price objective (up from $9.50) on shares of Controladora Vuela Compania de Aviacion in a report on Wednesday, January 14th. Finally, Zacks Research cut Controladora Vuela Compania de Aviacion from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Six analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $9.02.

Controladora Vuela Compania de Aviacion Stock Performance

The company has a debt-to-equity ratio of 1.68, a current ratio of 0.73 and a quick ratio of 0.72. The business’s 50-day moving average is $9.23 and its 200 day moving average is $7.80.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last announced its quarterly earnings data on Tuesday, February 24th. The transportation company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.21). Controladora Vuela Compania de Aviacion had a negative net margin of 3.42% and a negative return on equity of 38.03%. The company had revenue of $882.00 million for the quarter, compared to the consensus estimate of $845.68 million. As a group, equities analysts forecast that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post 1.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Controladora Vuela Compania de Aviacion

A number of large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio purchased a new stake in shares of Controladora Vuela Compania de Aviacion during the fourth quarter valued at approximately $28,000. Savant Capital LLC purchased a new position in shares of Controladora Vuela Compania de Aviacion in the third quarter worth $77,000. R Squared Ltd bought a new stake in Controladora Vuela Compania de Aviacion during the 4th quarter valued at $100,000. Inspire Investing LLC boosted its position in Controladora Vuela Compania de Aviacion by 20.7% during the 3rd quarter. Inspire Investing LLC now owns 13,921 shares of the transportation company’s stock valued at $100,000 after buying an additional 2,389 shares during the period. Finally, Inspire Advisors LLC grew its holdings in Controladora Vuela Compania de Aviacion by 44.7% in the 2nd quarter. Inspire Advisors LLC now owns 25,681 shares of the transportation company’s stock worth $122,000 after acquiring an additional 7,929 shares during the last quarter. 53.32% of the stock is owned by hedge funds and other institutional investors.

Controladora Vuela Compania de Aviacion Company Profile

Controladora Vuela Compañia de Aviacion, SAB de CV (NYSE: VLRS) is a Mexico-based airline holding company whose primary business is the operation of low-cost scheduled air transportation services. Through its principal operating subsidiary, Volaris, the company provides passenger and cargo flights on domestic and international routes. Its business model emphasizes unbundled ancillary services and point-to-point operations designed to offer competitive fares across its network.

Volaris serves more than 120 routes linking major metropolitan areas and secondary cities in Mexico, the United States and Central America.