Global Crossing Airlines Group (OTCMKTS:JETMF) Stock Lifted to Hold by Zacks Research

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

Global Crossing Airlines Group Stock Down 7.2%

JETMF stock opened at $0.54 on Wednesday. The firm’s fifty day moving average is $0.59 and its 200 day moving average is $0.64. Global Crossing Airlines Group has a 52 week low of $0.38 and a 52 week high of $0.87.

Global Crossing Airlines Group (OTCMKTS:JETMF) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.02). The business had revenue of $62.02 million for the quarter, compared to analyst estimates of $67.11 million. On average, research analysts forecast that Global Crossing Airlines Group will post 0.06 earnings per share for the current fiscal year.

Global Crossing Airlines Group Company Profile

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.