Virgin Australia (OTCMKTS:VBHLF) Stock Price Down 7.7%

Virgin Australia Holdings Limited (OTCMKTS:VBHLF)’s stock price was down 7.7% on Friday . The stock traded as low as $0.08 and last traded at $0.08, approximately 369 shares changed hands during trading. A decline of 91% from the average daily volume of 3,937 shares. The stock had previously closed at $0.09.

Several equities analysts have weighed in on VBHLF shares. CLSA downgraded shares of Virgin Australia to a “sell” rating in a report on Thursday, December 12th. Jefferies Financial Group started coverage on shares of Virgin Australia in a report on Wednesday, November 13th. They set a “hold” rating for the company. Finally, UBS Group upgraded shares of Virgin Australia from a “sell” rating to a “neutral” rating in a report on Monday, November 18th.

The business’s fifty day moving average price is $0.10.

Virgin Australia Company Profile (OTCMKTS:VBHLF)

Virgin Australia Holdings Limited engages in the operation of domestic and international passenger and cargo airline business in Australia. The company operates through Virgin Australia Domestic, Virgin Australia International, Velocity, and Tigerair Australia segments. Its aircraft flies to domestic destinations, including regional network, charter, and cargo operations; and international destinations comprising Trans-Pacific, Trans-Tasman, Pacific Island, and South East Asian flying, as well as international cargo operations.

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