StockNews.com Initiates Coverage on Spirit Airlines (NASDAQ:SAVE)

StockNews.com started coverage on shares of Spirit Airlines (NASDAQ:SAVE – Get Rating) in a report issued on Friday. The brokerage set a “sell” rating on the stock.

Spirit Airlines Stock Performance

Shares of SAVE opened at $16.93 on Friday. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of -3.33 and a beta of 1.13. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.25 and a current ratio of 1.25. Spirit Airlines has a fifty-two week low of $15.92 and a fifty-two week high of $27.88.

Spirit Airlines Company Profile

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Spirit Airlines, Inc engages in the provision of air transportation services. Its operations are concentrated in markets such as South Florida, the Caribbean, Latin America, and the Northeast and Northern Midwest regions of the United States. The firm offers travel insurance, carry-on and checked baggage, online booking, and other services.