Gogo (GOGO) to Release Quarterly Earnings on Friday

Gogo (NASDAQ:GOGO) is expected to be issuing its quarterly earnings data before the market opens on Friday, March 14th. Analysts expect the company to announce earnings of $0.04 per share and revenue of $97.80 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Gogo Trading Down 5.3 %

Shares of Gogo stock opened at $6.95 on Thursday. The firm has a market capitalization of $874.16 million, a PE ratio of 16.16 and a beta of 1.01. The company has a current ratio of 3.58, a quick ratio of 2.81 and a debt-to-equity ratio of 11.07. The firm’s 50 day moving average is $7.83 and its 200 day moving average is $7.59. Gogo has a 1 year low of $6.17 and a 1 year high of $11.00.

Institutional Investors Weigh In On Gogo

An institutional investor recently raised its position in Gogo stock. Brighton Jones LLC grew its position in Gogo Inc. (NASDAQ:GOGO) by 69.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,000 shares of the technology company’s stock after purchasing an additional 6,978 shares during the quarter. Brighton Jones LLC’s holdings in Gogo were worth $138,000 as of its most recent filing with the SEC. 69.60% of the stock is owned by institutional investors and hedge funds.

About Gogo

Gogo Inc, together with its subsidiaries, provides broadband connectivity services to the aviation industry in the United States and internationally. The company's product platform includes networks, antennas, and airborne equipment and software. It offers in-flight systems; in-flight services; aviation partner support; and engineering, design, and development services, as well as production operations functions.