Gol Linhas Aéreas Inteligentes S.A. (NYSE:GOL – Get Rating) shares gapped up prior to trading on Friday . The stock had previously closed at $2.81, but opened at $2.91. Gol Linhas Aéreas Inteligentes shares last traded at $2.89, with a volume of 2,193 shares changing hands.
Analyst Ratings Changes
Separately, StockNews.com initiated coverage on Gol Linhas Aéreas Inteligentes in a research note on Wednesday, October 12th. They issued a "hold" rating for the company.
Get Gol Linhas Aéreas Inteligentes alerts:Gol Linhas Aéreas Inteligentes Price Performance
The business's 50 day moving average is $3.05 and its 200 day moving average is $3.45. The stock has a market cap of $619.62 million, a price-to-earnings ratio of -0.74 and a beta of 1.08.
Gol Linhas Aéreas Inteligentes (NYSE:GOL – Get Rating) last announced its quarterly earnings results on Thursday, October 27th. The transportation company reported ($0.75) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.70) by ($0.05). The business had revenue of $765.48 million during the quarter, compared to the consensus estimate of $786.14 million. As a group, analysts forecast that Gol Linhas Aéreas Inteligentes S.A. will post -2.3 earnings per share for the current year.Hedge Funds Weigh In On Gol Linhas Aéreas Inteligentes
Several hedge funds have recently added to or reduced their stakes in the stock. Counterpoint Mutual Funds LLC acquired a new position in shares of Gol Linhas Aéreas Inteligentes in the 2nd quarter valued at $78,000. Empyrean Capital Partners LP purchased a new stake in Gol Linhas Aéreas Inteligentes in the first quarter valued at $730,000. Cerity Partners LLC acquired a new stake in shares of Gol Linhas Aéreas Inteligentes during the second quarter worth about $40,000. Veriti Management LLC increased its position in shares of Gol Linhas Aéreas Inteligentes by 111.8% during the second quarter. Veriti Management LLC now owns 28,074 shares of the transportation company's stock worth $96,000 after purchasing an additional 14,817 shares in the last quarter. Finally, Stelac Advisory Services LLC grew its stake in Gol Linhas Aéreas Inteligentes by 61.5% during the 1st quarter. Stelac Advisory Services LLC now owns 41,920 shares of the transportation company's stock worth $302,000 after buying an additional 15,960 shares during the last quarter. 0.81% of the stock is currently owned by hedge funds and other institutional investors.
Gol Linhas Aéreas Inteligentes Company Profile
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GOL Linhas Aéreas Inteligentes SA provides scheduled and non-scheduled air transportation services for passengers and cargo; and maintenance services for aircrafts and components in Brazil, rest of South America, the Caribbean, and the United States. The company offers Smiles frequent-flyer programs to approximately 19 million members, allowing clients to accumulate and redeem miles.
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