Saker Aviation Services (OTCMKTS:SKAS) Stock Passes Below Fifty Day Moving Average – Here’s Why

Saker Aviation Services, Inc. (OTCMKTS:SKASGet Free Report)’s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $9.54 and traded as low as $7.88. Saker Aviation Services shares last traded at $7.88, with a volume of 100 shares traded.

Saker Aviation Services Price Performance

The stock has a market capitalization of $7.85 million, a price-to-earnings ratio of 5.59 and a beta of 0.56. The firm has a 50 day simple moving average of $9.54 and a 200-day simple moving average of $10.31.

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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