Wheels Up Experience (NYSE:UP) Stock Price Down 3.7% - Here's What Happened

Wheels Up Experience Inc. (NYSE:UP - Get Free Report) shares fell 3.7% on Wednesday . The company traded as low as $2.07 and last traded at $2.10. 89,430 shares traded hands during trading, a decline of 91% from the average session volume of 1,024,962 shares. The stock had previously closed at $2.18.

Wheels Up Experience Price Performance

The stock has a market cap of $1.49 billion, a P/E ratio of -0.21 and a beta of 2.23. The company has a current ratio of 0.33, a quick ratio of 0.31 and a debt-to-equity ratio of 238.01. The company's fifty day simple moving average is $2.07 and its 200-day simple moving average is $2.38.

Wheels Up Experience (NYSE:UP - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.13) earnings per share (EPS) for the quarter. The business had revenue of $196.29 million during the quarter. Wheels Up Experience had a negative return on equity of 796.67% and a negative net margin of 43.79%.

Institutional Trading of Wheels Up Experience

Large investors have recently added to or reduced their stakes in the company. Quadrature Capital Ltd acquired a new position in shares of Wheels Up Experience in the 4th quarter worth approximately $34,000. Cannon Global Investment Management LLC acquired a new stake in shares of Wheels Up Experience in the first quarter valued at $145,000. CCG Wealth Management LLC bought a new position in shares of Wheels Up Experience in the first quarter valued at about $287,000. Fifth Lane Capital LP acquired a new position in Wheels Up Experience during the 1st quarter worth about $45,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Wheels Up Experience during the 1st quarter worth about $67,000. 98.20% of the stock is owned by institutional investors.

About Wheels Up Experience

Wheels Up Experience Inc provides private aviation services in the United States and internationally. The company offers membership programs consisting of Connect that offers members variable dynamic pricing on a per trip basis and flexibility on their schedule; Core for private flyers; and UP for Business for small and medium enterprise, and large corporate customers for whom it is primary provider of private flights, as well as supplementary solution to their own aircraft operations.