Shares of Cargojet (OTCMKTS:CGJTF) fell 4.6% during mid-day trading on Thursday . The stock traded as low as $68.09 and last traded at $68.09, 140 shares were traded during trading. A decline of 88% from the average session volume of 1,142 shares. The stock had previously closed at $71.35.
Separately, Echelon Wealth Partners set a $120.00 target price on Cargojet and gave the stock a “buy” rating in a research report on Tuesday, April 16th.
The stock’s 50 day moving average price is $66.64.
Cargojet Inc provides time sensitive overnight air cargo services in Canada. Its air cargo business activities include operation of domestic overnight air cargo co-load network between 14 cities in Canada; and provision of dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance (ACMI) basis operating between points in Canada, North and South America, and Europe.
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