Wheels Up Experience (NYSE:UP) Shares Gap Down – Here’s Why

Wheels Up Experience Inc. (NYSE:UP) shares gapped down prior to trading on Monday . The stock had previously closed at $2.24, but opened at $2.19. Wheels Up Experience shares last traded at $2.19, with a volume of 25,120 shares changing hands.

Wheels Up Experience Stock Up 4.1 %

The firm’s fifty day moving average is $2.06 and its 200-day moving average is $2.38. The company has a market capitalization of $1.52 billion, a P/E ratio of -0.22 and a beta of 2.23. The company has a debt-to-equity ratio of 238.01, a quick ratio of 0.31 and a current ratio of 0.33.

Wheels Up Experience (NYSE:UP) last posted its earnings results on Thursday, August 8th. The company reported ($0.13) earnings per share for the quarter. Wheels Up Experience had a negative return on equity of 796.67% and a negative net margin of 43.79%. The company had revenue of $196.29 million for the quarter.

Institutional Investors Weigh In On Wheels Up Experience

A number of institutional investors have recently added to or reduced their stakes in the business. Quadrature Capital Ltd acquired a new position in shares of Wheels Up Experience during the fourth quarter worth $34,000. Koss Olinger Consulting LLC acquired a new position in Wheels Up Experience during the 3rd quarter worth about $26,000. Capital Square LLC bought a new stake in shares of Wheels Up Experience in the 1st quarter valued at about $41,000. Renaissance Technologies LLC bought a new stake in shares of Wheels Up Experience in the 2nd quarter valued at about $28,000. Finally, Fifth Lane Capital LP acquired a new stake in shares of Wheels Up Experience in the first quarter valued at about $45,000. 98.20% of the stock is owned by institutional investors.

Wheels Up Experience Company Profile

Wheels Up Experience Inc provides private aviation services in the United States and internationally. The company offers membership programs consisting of Connect that offers members variable dynamic pricing on a per trip basis and flexibility on their schedule; Core for private flyers; and UP for Business for small and medium enterprise, and large corporate customers for whom it is primary provider of private flights, as well as supplementary solution to their own aircraft operations.