FLYHT Aerospace Solutions (CVE:FLY) Stock Price Down 2.9% – Here’s What Happened

FLYHT Aerospace Solutions Ltd. (CVE:FLY) shares were down 2.9% during mid-day trading on Tuesday. The company traded as low as C$0.33 and last traded at C$0.34. 43,429 shares traded hands during trading, a decline of 28% from the average daily volume of 60,059 shares. The stock had previously closed at C$0.35.

FLYHT Aerospace Solutions Price Performance

The firm has a market capitalization of C$13.26 million, a P/E ratio of -2.09 and a beta of 1.35. The stock’s 50 day simple moving average is C$0.34 and its 200 day simple moving average is C$0.34. The company has a debt-to-equity ratio of 633.22, a quick ratio of 1.41 and a current ratio of 0.97.

About FLYHT Aerospace Solutions

FLYHT Aerospace Solutions Ltd. provides real-time communications with aircrafts for the aerospace industry. The company 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.