Fly Leasing (NYSE:FLY) Trading 5.5% Higher
Fly Leasing Ltd (NYSE:FLY)’s stock price traded up 5.5% during mid-day trading on Monday . The company traded as high as $18.12 and last traded at $17.92, 359,050 shares were traded during trading. An increase of 138% from the average session volume of 150,885 shares. The stock had previously closed at $16.98.
A number of research analysts have recently issued reports on the company. Zacks Investment Research lowered Fly Leasing from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. ValuEngine lowered Fly Leasing from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $17.17.
The company has a 50 day moving average of $17.11 and a 200 day moving average of $15.05. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a market capitalization of $487.29 million, a price-to-earnings ratio of 5.97 and a beta of 0.92.
Fly Leasing Company Profile (NYSE:FLY)
Fly Leasing Limited, through its subsidiaries, purchases and leases commercial aircraft under multi-year contracts to various airlines worldwide. As of December 31, 2018, it had a portfolio of 101 aircraft, including 90 narrow-body passenger aircraft and 11 wide-body passenger aircraft, as well as 7 engines.
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