Cargojet (OTCMKTS:CGJTF) Trading Down 1% – Here’s What Happened

Cargojet Inc. (OTCMKTS:CGJTF)’s share price dropped 1% on Monday . The stock traded as low as $56.9150 and last traded at $56.9150. Approximately 1,587 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 11,495 shares. The stock had previously closed at $57.47.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Scotiabank restated an “outperform” rating on shares of Cargojet in a research report on Wednesday, January 21st. BMO Capital Markets reiterated a “market perform” rating on shares of Cargojet in a research report on Thursday, January 15th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Cargojet Stock Down 1.0%

The firm’s fifty day moving average is $67.04 and its 200 day moving average is $62.71. The company has a current ratio of 1.23, a quick ratio of 1.20 and a debt-to-equity ratio of 1.31.

Cargojet (OTCMKTS:CGJTF) last released its quarterly earnings data on Tuesday, February 24th. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.32. Cargojet had a net margin of 7.97% and a return on equity of 10.00%. The firm had revenue of $207.32 million for the quarter, compared to analyst estimates of $251.30 million.

About Cargojet

Cargojet Inc is a Canadian-based air cargo carrier specializing in time-sensitive freight transportation. The company operates scheduled and on-demand cargo services throughout Canada and into international markets, providing next-flight-out and overnight delivery for a broad range of shippers. Cargojet’s fleet—anchored by Boeing 767-300ER freighters—is configured to handle standard palletized freight as well as specialized shipments such as temperature-controlled pharmaceuticals and high-value electronics.

Headquartered in Mississauga, Ontario, Cargojet serves major Canadian gateways including Toronto, Vancouver and Montreal, and extends its network into the United States, the Caribbean and select Latin American destinations.