Gogo Inc. (NASDAQ:GOGO - Get Free Report)'s share price traded down 4.5% during trading on Wednesday . The company traded as low as $8.16 and last traded at $8.14. 355,906 shares traded hands during trading, a decline of 65% from the average session volume of 1,003,069 shares. The stock had previously closed at $8.52.
Gogo Trading Down 2.9 %
The business has a 50 day moving average price of $7.89 and a 200 day moving average price of $7.72. The company has a market capitalization of $1.04 billion, a P/E ratio of 19.23 and a beta of 1.15. The company has a current ratio of 3.58, a quick ratio of 2.81 and a debt-to-equity ratio of 11.07.
Institutional Trading of Gogo
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Gogo by 0.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 208,356 shares of the technology company's stock valued at $1,496,000 after purchasing an additional 1,714 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Gogo by 0.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 557,732 shares of the technology company's stock valued at $4,005,000 after purchasing an additional 3,181 shares during the period. nVerses Capital LLC bought a new position in Gogo during the 3rd quarter worth $34,000. Public Sector Pension Investment Board lifted its holdings in shares of Gogo by 4.6% during the second quarter. Public Sector Pension Investment Board now owns 134,206 shares of the technology company's stock worth $1,291,000 after buying an additional 5,869 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its position in shares of Gogo by 29.0% in the second quarter. Point72 Asset Management L.P. now owns 30,700 shares of the technology company's stock valued at $295,000 after acquiring an additional 6,900 shares during the period. 69.60% of the stock is owned by institutional investors.
About Gogo
(
Get Free Report)
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.
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