FLYHT Aerospace Solutions (CVE:FLY) Stock Price Down 8.3%

FLYHT Aerospace Solutions Ltd. (CVE:FLY) dropped 8.3% during mid-day trading on Thursday . The stock traded as low as C$0.17 and last traded at C$0.17. Approximately 49,400 shares traded hands during trading, an increase of 119% from the average daily volume of 22,579 shares. The stock had previously closed at C$0.18.

FLYHT Aerospace Solutions Stock Performance

The stock’s 50-day moving average is C$0.30 and its 200 day moving average is C$0.42. The stock has a market cap of C$5.85 million, a price-to-earnings ratio of -1.25 and a beta of 1.38. The company has a debt-to-equity ratio of 2,219.28, a current ratio of 1.20 and a quick ratio of 1.41.

FLYHT Aerospace Solutions Company Profile

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.