Gogo (NASDAQ:GOGO - Get Free Report) is anticipated to post its quarterly earnings results before the market opens on Friday, March 14th. Analysts expect Gogo to post earnings of $0.04 per share and revenue of $97.80 million for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.
Gogo Price Performance
GOGO stock traded up $0.04 during mid-day trading on Friday, reaching $6.88. 1,071,773 shares of the company traded hands, compared to its average volume of 1,035,941. The company has a debt-to-equity ratio of 11.07, a current ratio of 3.58 and a quick ratio of 2.81. The company has a market capitalization of $865.36 million, a P/E ratio of 16.00 and a beta of 1.01. Gogo has a 52-week low of $6.17 and a 52-week high of $11.00. The company has a fifty day moving average price of $7.89 and a 200-day moving average price of $7.60.
Institutional Trading of Gogo
An institutional investor recently raised its position in Gogo stock. Brighton Jones LLC grew its holdings in shares of Gogo Inc. (NASDAQ:GOGO - Free Report) by 69.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,000 shares of the technology company's stock after acquiring an additional 6,978 shares during the quarter. Brighton Jones LLC's holdings in Gogo were worth $138,000 at the end of the most recent quarter. 69.60% of the stock is currently owned by hedge funds and other institutional investors.
Gogo Company Profile
(
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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.
Further Reading
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