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

Butler National (OTCMKTS:BUKS)’s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $4.49 and traded as low as $4.21. Butler National shares last traded at $4.30, with a volume of 27,949 shares.

Butler National Stock Performance

The stock has a market cap of $344.17 million, a price-to-earnings ratio of 12.65 and a beta of 0.20. The company’s 50-day simple moving average is $4.49 and its 200-day simple moving average is $4.04. The company has a quick ratio of 1.72, a current ratio of 2.14 and a debt-to-equity ratio of 0.30.

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

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.