Bridger Aerospace Group (NASDAQ:BAER) Trading Down 4.8%

Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER)’s stock price traded down 4.8% during trading on Friday . The stock traded as low as $4.71 and last traded at $4.71. 22,550 shares traded hands during trading, an increase of 10% from the average session volume of 20,496 shares. The stock had previously closed at $4.95.

Bridger Aerospace Group Stock Down 4.8 %

The company has a market capitalization of $211.20 million, a price-to-earnings ratio of -11.49 and a beta of -0.24. The company has a 50 day simple moving average of $5.01 and a 200 day simple moving average of $5.56.

Bridger Aerospace Group (NASDAQ:BAER) last announced its quarterly earnings results on Tuesday, March 19th. The company reported ($0.80) EPS for the quarter. The business had revenue of $1.11 million during the quarter.

Institutional Investors Weigh In On Bridger Aerospace Group

A hedge fund recently bought a new stake in Bridger Aerospace Group stock. Peterson Wealth Advisors LLC acquired a new position in shares of Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 194,436 shares of the company’s stock, valued at approximately $976,000. Peterson Wealth Advisors LLC owned about 0.43% of Bridger Aerospace Group as of its most recent SEC filing. 48.94% of the stock is currently owned by institutional investors.

About Bridger Aerospace Group

Bridger Aerospace Group Holdings, Inc provides aerial wildfire management, relief and suppression, and firefighting services to federal and state government agencies in the United States. It offers fire suppression services, such as direct fire suppression aerial firefighting support services for ground crew to drop large amounts of water quickly and directly on wildfires.