Virgin Galactic Holdings, Inc. (NYSE:SPCE - Get Free Report)'s stock price rose 2.5% during mid-day trading on Friday . The stock traded as high as $4.46 and last traded at $4.38. Approximately 890,138 shares changed hands during trading, a decline of 53% from the average daily volume of 1,910,207 shares. The stock had previously closed at $4.27.
Virgin Galactic Price Performance
The company has a quick ratio of 4.52, a current ratio of 4.52 and a debt-to-equity ratio of 1.15. The stock's 50-day moving average price is $5.49 and its 200 day moving average price is $6.19. The firm has a market cap of $131.55 million, a price-to-earnings ratio of -0.26 and a beta of 1.74.
Institutional Trading of Virgin Galactic
Several institutional investors have recently modified their holdings of the company. Geode Capital Management LLC raised its stake in shares of Virgin Galactic by 21.0% in the third quarter. Geode Capital Management LLC now owns 508,088 shares of the company's stock valued at $3,101,000 after purchasing an additional 88,102 shares in the last quarter. Franklin Resources Inc. bought a new stake in Virgin Galactic in the 3rd quarter valued at $80,000. FMR LLC raised its stake in shares of Virgin Galactic by 29.7% in the 3rd quarter. FMR LLC now owns 24,749 shares of the company's stock valued at $151,000 after buying an additional 5,669 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Virgin Galactic by 29.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 187,368 shares of the company's stock worth $1,143,000 after acquiring an additional 42,883 shares during the period. Finally, Zacks Investment Management boosted its position in shares of Virgin Galactic by 40.3% during the 3rd quarter. Zacks Investment Management now owns 35,439 shares of the company's stock valued at $216,000 after acquiring an additional 10,172 shares in the last quarter. Institutional investors and hedge funds own 46.62% of the company's stock.
Virgin Galactic Company Profile
(
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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