Era Group (NYSE:ERA) Shares Cross Above Two Hundred Day Moving Average of $0.00

Shares of Era Group Inc (NYSE:ERA) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $9.65. Era Group shares last traded at $9.30, with a volume of 1,429 shares trading hands.

Separately, TheStreet upgraded shares of Era Group from a “d+” rating to a “c” rating in a research report on Wednesday, July 31st.

The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.87 and a current ratio of 5.57. The stock’s 50-day simple moving average is $9.16 and its two-hundred day simple moving average is $9.55.

Several institutional investors and hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. boosted its holdings in Era Group by 0.9% in the fourth quarter. Principal Financial Group Inc. now owns 166,076 shares of the transportation company’s stock valued at $1,452,000 after purchasing an additional 1,466 shares during the last quarter. Martingale Asset Management L P increased its holdings in Era Group by 5.2% during the 1st quarter. Martingale Asset Management L P now owns 48,716 shares of the transportation company’s stock worth $563,000 after acquiring an additional 2,413 shares during the period. New York State Teachers Retirement System increased its holdings in Era Group by 6.6% during the 1st quarter. New York State Teachers Retirement System now owns 46,872 shares of the transportation company’s stock worth $541,000 after acquiring an additional 2,919 shares during the period. BNP Paribas Arbitrage SA increased its holdings in Era Group by 513.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,225 shares of the transportation company’s stock worth $49,000 after acquiring an additional 3,536 shares during the period. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Era Group by 67.1% in the 1st quarter. Nisa Investment Advisors LLC now owns 11,700 shares of the transportation company’s stock worth $135,000 after buying an additional 4,700 shares during the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

Era Group Company Profile (NYSE:ERA)

Era Group Inc provides helicopter transportation services primarily to the oil and gas exploration, development, and production companies. Its helicopter services include emergency response search and rescue; and other services, as well as utility services to support firefighting, mining, power line, and pipeline survey activities.

Featured Article: Understanding debt-to-equity ratio in fundamental analysis

Receive News & Ratings for Era Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Era Group and related companies with MarketBeat.com's FREE daily email newsletter.