Fly Leasing Ltd (NYSE:FLY) shares traded up 7.7% on Thursday . The stock traded as high as $7.86 and last traded at $7.82. 321,706 shares traded hands during mid-day trading, a decline of 7% from the average session volume of 345,511 shares. The stock had previously closed at $7.26.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Fly Leasing from a “sell” rating to a “hold” rating in a research report on Monday. ValuEngine lowered shares of Fly Leasing from a “sell” rating to a “strong sell” rating in a research report on Monday, August 3rd.
The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 2.41. The company’s 50 day moving average is $7.23 and its 200 day moving average is $7.06. The firm has a market capitalization of $241.62 million, a price-to-earnings ratio of 1.37 and a beta of 1.07.
About Fly Leasing (NYSE:FLY)
Fly Leasing Limited, through its subsidiaries, purchases and leases commercial aircraft under multi-year contracts to various airlines worldwide. As of December 31, 2018, it had a portfolio of 101 aircraft, including 90 narrow-body passenger aircraft and 11 wide-body passenger aircraft, as well as 7 engines.
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