Butler National (OTCMKTS:BUKS) Shares Pass Below 50 Day Moving Average – Here’s Why

Butler National (OTCMKTS:BUKS) shares crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $4.48 and traded as low as $4.41. Butler National shares last traded at $4.55, with a volume of 74,947 shares.

Butler National Stock Performance

The company has a market capitalization of $353.78 million, a PE ratio of 13.00 and a beta of 0.20. The company has a quick ratio of 1.72, a current ratio of 2.14 and a debt-to-equity ratio of 0.30. The company has a 50-day moving average price of $4.49 and a two-hundred day moving average price of $3.98.

Butler National (OTCMKTS:BUKS) last announced its earnings results on Tuesday, July 7th. The company reported $0.09 earnings per share for the quarter. The business had revenue of $27.68 million for the quarter. Butler National had a net margin of 22.39% and a return on equity of 29.86%.

About Butler National

Butler National Corporation, together with its subsidiaries, designs, engineers, manufactures, sells, integrates, installs, repairs, modifies, overhauls, services, and distributes a portfolio of aerostructures, aircraft components, avionics, accessories, subassemblies, and systems in North America, Europe, the Middle East, Asia, and internationally. It operates through two segments, Aerospace Products and Professional Services. The Aerospace Products segment provides aircraft modifications to business-size aircraft, which include passenger-to-freighter configuration, radar systems, addition of aerial photography capabilities, search and rescue, environmental research, mapping, intelligence surveillance reconnaissance modifications, and stability enhancing modifications for Learjet, Beechcraft, and Cessna aircraft along with other specialized modifications.