Wheels Up Experience (NYSE:UP) Stock Price Down 4.8% - Time to Sell?

Wheels Up Experience Inc. (NYSE:UP - Get Free Report)'s stock price was down 4.8% on Monday . The stock traded as low as $1.97 and last traded at $1.98. Approximately 64,419 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 1,010,999 shares. The stock had previously closed at $2.08.

Wheels Up Experience Stock Down 5.8 %

The stock has a market cap of $1.37 billion, a price-to-earnings ratio of -0.50 and a beta of 2.24. The firm has a 50 day simple moving average of $2.11 and a two-hundred day simple moving average of $2.34. The company has a debt-to-equity ratio of 238.01, a current ratio of 0.33 and a quick ratio of 0.31.

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

Institutional Trading of Wheels Up Experience

A number of institutional investors have recently modified their holdings of UP. Koss Olinger Consulting LLC bought a new stake in Wheels Up Experience in the 3rd quarter valued at approximately $26,000. Renaissance Technologies LLC bought a new stake in shares of Wheels Up Experience in the second quarter worth $28,000. CIBC Asset Management Inc bought a new position in Wheels Up Experience in the second quarter valued at $37,000. Capital Square LLC bought a new stake in Wheels Up Experience during the 1st quarter worth about $41,000. Finally, SG Americas Securities LLC acquired a new position in shares of Wheels Up Experience during the 3rd quarter worth about $56,000. 98.20% of the stock is currently owned by institutional investors.

Wheels Up Experience Company Profile

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.