Global Crossing Airlines Group (OTCMKTS:JETMF) Raised to “Hold” at Zacks Research

Global Crossing Airlines Group (OTCMKTS:JETMF) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Wednesday, Zacks reports.

Global Crossing Airlines Group Stock Performance

Shares of OTCMKTS JETMF opened at $0.54 on Wednesday. The business’s 50 day moving average price is $0.59 and its 200-day moving average price is $0.64. Global Crossing Airlines Group has a fifty-two week low of $0.38 and a fifty-two week high of $0.87. The company has a market cap of $36.98 million, a price-to-earnings ratio of -13.60 and a beta of 0.98.

Global Crossing Airlines Group (OTCMKTS:JETMF) last posted its 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 firm had revenue of $62.02 million for the quarter, compared to analyst estimates of $67.11 million. Sell-side 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, 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.