Gogo (NASDAQ:GOGO) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

Gogo Inc. (NASDAQ:GOGO) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.63 and traded as low as $6.99. Gogo shares last traded at $7.03, with a volume of 895,258 shares changing hands.

Gogo Trading Down 4.1 %

The stock has a 50-day moving average of $7.94 and a 200 day moving average of $7.62. The stock has a market cap of $884.23 million, a PE ratio of 16.35 and a beta of 1.13. The company has a quick ratio of 2.81, a current ratio of 3.58 and a debt-to-equity ratio of 11.07.

Institutional Trading of Gogo

Large investors have recently made changes to their positions in the company. PharVision Advisers LLC purchased a new stake in Gogo in the 4th quarter valued at $746,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Gogo by 14.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 237,941 shares of the technology company’s stock valued at $1,925,000 after buying an additional 29,585 shares in the last quarter. Voloridge Investment Management LLC grew its holdings in Gogo by 76.1% in the 4th quarter. Voloridge Investment Management LLC now owns 581,706 shares of the technology company’s stock valued at $4,706,000 after buying an additional 251,348 shares in the last quarter. Squarepoint Ops LLC grew its holdings in Gogo by 222.0% in the 4th quarter. Squarepoint Ops LLC now owns 30,506 shares of the technology company’s stock valued at $247,000 after buying an additional 55,506 shares in the last quarter. Finally, Two Sigma Investments LP grew its holdings in Gogo by 50.1% in the 4th quarter. Two Sigma Investments LP now owns 101,778 shares of the technology company’s stock valued at $823,000 after buying an additional 33,960 shares in the last quarter. 69.60% of the stock is currently owned by hedge funds and other institutional investors.

Gogo Company Profile

Gogo Inc, together with its subsidiaries, provides broadband connectivity services to the aviation industry in the United States and internationally. The company's product platform includes networks, antennas, and airborne equipment and software. It offers in-flight systems; in-flight services; aviation partner support; and engineering, design, and development services, as well as production operations functions.