Virgin Galactic (NYSE:SPCE) Issues Earnings Results, Beats Expectations By $1.12 EPS

Virgin Galactic (NYSE:SPCE) announced its earnings results on Wednesday. The company reported ($2.53) earnings per share (EPS) for the quarter, beating the consensus estimate of ($3.65) by $1.12, Zacks reports. Virgin Galactic had a negative net margin of 3,975.27% and a negative return on equity of 88.09%.

Virgin Galactic Price Performance

Shares of NYSE SPCE traded down $0.20 during mid-day trading on Wednesday, reaching $3.86. The company’s stock had a trading volume of 1,639,711 shares, compared to its average volume of 1,794,288. The stock has a 50-day moving average of $5.22 and a two-hundred day moving average of $6.13. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.52 and a current ratio of 4.52. The stock has a market capitalization of $111.34 million, a P/E ratio of -0.22 and a beta of 1.74. Virgin Galactic has a 1-year low of $3.83 and a 1-year high of $38.98.

Virgin Galactic Company Profile

Virgin Galactic Holdings, Inc, an aerospace and space travel company, focuses on the development, manufacture, and operation of spaceships and related technologies. The company engages in the design and development, manufacturing, ground and flight testing, spaceflight operation, and post-flight maintenance of spaceflight systems for private individuals, researchers, and government agencies.