Gogo Inc. (NASDAQ:GOGO - Get Free Report)'s share price rose 6.7% during trading on Tuesday . The company traded as high as $6.89 and last traded at $7.15. Approximately 86,846 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 1,034,915 shares. The stock had previously closed at $6.70.
Gogo Trading Up 9.2 %
The business has a fifty day moving average of $7.87 and a 200-day moving average of $7.60. The company has a debt-to-equity ratio of 11.07, a quick ratio of 2.81 and a current ratio of 3.58. The company has a market capitalization of $920.32 million, a P/E ratio of 16.99 and a beta of 1.01.
Hedge Funds Weigh In On Gogo
Institutional investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Gogo by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,863 shares of the technology company's stock valued at $298,000 after purchasing an additional 1,273 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of Gogo by 0.6% in the 4th quarter. Nuveen Asset Management LLC now owns 223,317 shares of the technology company's stock worth $1,807,000 after acquiring an additional 1,373 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Gogo by 0.8% in the 3rd 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 in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Gogo by 0.6% during 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 last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in Gogo by 8.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 62,032 shares of the technology company's stock worth $502,000 after purchasing an additional 5,078 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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