Saker Aviation Services (OTCMKTS:SKAS) Stock Passes Below Fifty Day Moving Average – What’s Next?

Shares of Saker Aviation Services, Inc. (OTCMKTS:SKASGet Free Report) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $10.55 and traded as low as $10.02. Saker Aviation Services shares last traded at $10.85, with a volume of 2,850 shares changing hands.

Saker Aviation Services Price Performance

The company’s fifty day moving average price is $10.55 and its 200 day moving average price is $10.64. The company has a market cap of $10.74 million, a PE ratio of 5.37 and a beta of 0.65.

Saker Aviation Services (OTCMKTS:SKASGet Free Report) last announced its earnings results on Wednesday, August 14th. The company reported $1.00 EPS for the quarter. The company had revenue of $2.62 million during the quarter. Saker Aviation Services had a net margin of 22.18% and a return on equity of 37.15%.

About Saker Aviation Services

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Saker Aviation Services, Inc, through its subsidiaries, operates in the aviation services segment of the general aviation industry in the United States. It serves as the operator of a Downtown Manhattan (New York) Heliport. The company was formerly known as FirstFlight, Inc and changed its name to Saker Aviation Services, Inc in September 2009.

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