Cargojet (OTCMKTS:CGJTF) Shares Down 0.7% – Here’s What Happened

by · The Markets Daily

Cargojet Inc. (OTCMKTS:CGJTF – Get Free Report)’s share price traded down 0.7% on Friday . The company traded as low as $68.8840 and last traded at $68.8840. 2,536 shares traded hands during trading, a decline of 81% from the average session volume of 13,358 shares. The stock had previously closed at $69.34.

Wall Street Analyst Weigh In

CGJTF has been the subject of several research analyst reports. Scotiabank restated an “outperform” rating on shares of Cargojet in a report on Wednesday, January 21st. BMO Capital Markets reiterated a “market perform” rating on shares of Cargojet in a research report on Thursday, January 15th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Check Out Our Latest Report on CGJTF

Cargojet Stock Down 0.7%

The stock has a fifty day moving average price of $61.60 and a 200 day moving average price of $64.73.

About Cargojet

(Get Free Report)

Cargojet Inc is a Canadian-based air cargo carrier specializing in time-sensitive freight transportation. The company operates scheduled and on-demand cargo services throughout Canada and into international markets, providing next-flight-out and overnight delivery for a broad range of shippers. Cargojet’s fleet—anchored by Boeing 767-300ER freighters—is configured to handle standard palletized freight as well as specialized shipments such as temperature-controlled pharmaceuticals and high-value electronics.

Headquartered in Mississauga, Ontario, Cargojet serves major Canadian gateways including Toronto, Vancouver and Montreal, and extends its network into the United States, the Caribbean and select Latin American destinations.

Read More