Era Group (NYSE:ERA) Stock Passes Above 200-Day Moving Average of $0.00

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Era Group Inc (NYSE:ERA)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $9.65. Era Group shares last traded at $9.30, with a volume of 1,429 shares traded.

Separately, TheStreet raised shares of Era Group from a “d+” rating to a “c” rating in a research report on Wednesday, July 31st.

The business’s fifty day moving average price is $9.16 and its 200-day moving average price is $9.55. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.87 and a current ratio of 5.57.

Several institutional investors and hedge funds have recently bought and sold shares of ERA. Morgan Stanley boosted its holdings in shares of Era Group by 103.8% in the second quarter. Morgan Stanley now owns 781,361 shares of the transportation company’s stock worth $6,517,000 after buying an additional 397,987 shares during the last quarter. Donald Smith & CO. Inc. lifted its holdings in Era Group by 31.6% during the second quarter. Donald Smith & CO. Inc. now owns 1,134,714 shares of the transportation company’s stock valued at $9,464,000 after purchasing an additional 272,526 shares in the last quarter. Bank of Montreal Can lifted its holdings in Era Group by 22,649.1% during the first quarter. Bank of Montreal Can now owns 262,980 shares of the transportation company’s stock valued at $3,034,000 after purchasing an additional 261,824 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Era Group by 15.7% during the second quarter. Vanguard Group Inc. now owns 1,456,540 shares of the transportation company’s stock valued at $12,147,000 after purchasing an additional 197,344 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in Era Group by 4.7% during the second quarter. BlackRock Inc. now owns 3,059,776 shares of the transportation company’s stock valued at $25,519,000 after purchasing an additional 137,913 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors.

About Era Group (NYSE:ERA)

Era Group Inc provides helicopter transportation services primarily to the oil and gas exploration, development, and production companies. Its helicopter services include emergency response search and rescue; and other services, as well as utility services to support firefighting, mining, power line, and pipeline survey activities.

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