Virgin Galactic (NYSE:SPCE) Announces Earnings Results

Virgin Galactic (NYSE:SPCE - Get Free Report) issued its quarterly earnings results on Wednesday. The company reported ($2.53) EPS for the quarter, topping analysts' consensus estimates of ($3.65) by $1.12, Zacks reports. The firm had revenue of $0.43 million for the quarter, compared to analyst estimates of $0.38 million. Virgin Galactic had a negative net margin of 3,975.27% and a negative return on equity of 88.09%.

Virgin Galactic Price Performance

Shares of NYSE:SPCE traded down $0.04 during trading on Friday, reaching $3.80. The company had a trading volume of 1,610,175 shares, compared to its average volume of 1,826,643. The company has a fifty day moving average of $5.09 and a two-hundred day moving average of $6.08. The stock has a market capitalization of $109.58 million, a P/E ratio of -0.22 and a beta of 1.74. Virgin Galactic has a 12 month low of $3.60 and a 12 month high of $36.60. The company has a current ratio of 4.52, a quick ratio of 4.52 and a debt-to-equity ratio of 1.15.

About Virgin Galactic

Virgin Galactic Holdings, Inc, an aerospace and space travel company, focuses on the development, manufacture, and operation of spaceships and related technologies. The company engages in the design and development, manufacturing, ground and flight testing, spaceflight operation, and post-flight maintenance of spaceflight systems for private individuals, researchers, and government agencies.