Controladora Vuela Compania de Aviacion (NYSE:VLRS) Share Price Crosses Below 50 Day Moving Average – Here’s What Happened

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) shares crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $8.51 and traded as low as $6.87. Controladora Vuela Compania de Aviacion shares last traded at $7.12, with a volume of 326,205 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their price objective on Controladora Vuela Compania de Aviacion from $11.00 to $10.50 and set a “neutral” rating for the company in a research report on Thursday, March 12th. Bank of America boosted their price objective on Controladora Vuela Compania de Aviacion from $9.50 to $11.20 and gave the company a “buy” rating in a research report on Monday, December 22nd. Zacks Research lowered Controladora Vuela Compania de Aviacion from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Weiss Ratings reiterated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research report on Wednesday, January 21st. Finally, Barclays decreased their price objective on Controladora Vuela Compania de Aviacion from $12.00 to $10.00 and set an “overweight” rating for the company in a research report on Tuesday, March 24th. Six analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Controladora Vuela Compania de Aviacion presently has an average rating of “Hold” and a consensus price target of $8.74.

Controladora Vuela Compania de Aviacion Trading Up 2.3%

The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.72 and a current ratio of 0.73. The business has a 50-day simple moving average of $8.51 and a two-hundred day simple moving average of $7.93. The stock has a market cap of $830.19 million, a price-to-earnings ratio of -8.00 and a beta of 1.92.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last released its quarterly earnings results on Sunday, February 15th. The transportation company reported $0.04 earnings per share for the quarter. Controladora Vuela Compania de Aviacion had a negative return on equity of 38.03% and a negative net margin of 3.42%.The firm had revenue of $882.00 million during the quarter. As a group, research analysts forecast that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post 1.21 EPS for the current year.

Hedge Funds Weigh In On Controladora Vuela Compania de Aviacion

Large investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new position in Controladora Vuela Compania de Aviacion during the 4th quarter worth approximately $28,000. Savant Capital LLC acquired a new position in Controladora Vuela Compania de Aviacion during the 3rd quarter worth approximately $77,000. Inspire Investing LLC boosted its holdings in shares of Controladora Vuela Compania de Aviacion by 20.7% in the 3rd quarter. Inspire Investing LLC now owns 13,921 shares of the transportation company’s stock valued at $100,000 after buying an additional 2,389 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Controladora Vuela Compania de Aviacion in the 4th quarter valued at approximately $100,000. Finally, Engineers Gate Manager LP acquired a new stake in shares of Controladora Vuela Compania de Aviacion in the 4th quarter valued at approximately $137,000. Institutional investors and hedge funds own 53.32% of the company’s stock.

About Controladora Vuela Compania de Aviacion

Controladora Vuela Compañia de Aviacion, SAB de CV (NYSE: VLRS) is a Mexico-based airline holding company whose primary business is the operation of low-cost scheduled air transportation services. Through its principal operating subsidiary, Volaris, the company provides passenger and cargo flights on domestic and international routes. Its business model emphasizes unbundled ancillary services and point-to-point operations designed to offer competitive fares across its network.

Volaris serves more than 120 routes linking major metropolitan areas and secondary cities in Mexico, the United States and Central America.