Virgin Galactic (NYSE:SPCE - Get Free Report) had its target price cut by The Goldman Sachs Group from $41.00 to $36.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock.
Virgin Galactic Stock Performance
NYSE SPCE remained flat at $3.40 on Monday. 1,014,326 shares of the company were exchanged, compared to its average volume of 1,796,570. Virgin Galactic has a twelve month low of $3.27 and a twelve month high of $36.60. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.52 and a current ratio of 4.52. The stock has a market capitalization of $98.18 million, a price-to-earnings ratio of -0.20 and a beta of 2.16. The company's 50 day moving average price is $4.98 and its 200-day moving average price is $6.04.
Institutional Trading of Virgin Galactic
A number of large investors have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC lifted its holdings in shares of Virgin Galactic by 97.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,943 shares of the company's stock valued at $47,000 after acquiring an additional 3,916 shares during the period. Quarry LP bought a new position in Virgin Galactic during the 3rd quarter valued at about $49,000. Virtu Financial LLC acquired a new position in Virgin Galactic in the third quarter valued at about $70,000. Summit Securities Group LLC bought a new stake in Virgin Galactic during the fourth quarter worth about $71,000. Finally, Franklin Resources Inc. bought a new stake in Virgin Galactic during the third quarter worth about $80,000. 46.62% of the stock is currently owned by institutional investors.
About Virgin Galactic
(
Get Free Report)
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.
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