Flight Centre (OTCMKTS:FGETF) Shares Gap Down – What’s Next?

Flight Centre Ltd. (OTCMKTS:FGETF – Get Free Report) gapped down prior to trading on Wednesday. The stock had previously closed at $9.56, but opened at $6.7575. Flight Centre shares last traded at $6.7575, with a volume of 946 shares traded.

Wall Street Analyst Weigh In

Separately, Citigroup cut shares of Flight Centre to a “neutral” rating in a research report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Get Our Latest Stock Analysis on Flight Centre

Flight Centre Price Performance

The business’s 50 day moving average is $8.88 and its 200-day moving average is $8.03.

About Flight Centre

(Get Free Report)

Flight Centre Travel Group Limited is an Australian travel services company that provides leisure and corporate travel solutions to consumers, businesses and organizations. Its services include airfares, accommodation, vacation packages, cruises, tours, travel insurance, car rental and other travel-related products.

The company operates through a portfolio of brands, including Flight Centre for leisure travel, FCM for corporate travel management, Corporate Traveler for small and medium-sized businesses, and specialist brands serving students, events and other travel segments.

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