Wheels Up Experience (NYSE:UP) Stock Price Down 3.7% – What’s Next?

Wheels Up Experience Inc. (NYSE:UP)’s stock price was down 3.7% during mid-day trading on Wednesday . The stock traded as low as $2.07 and last traded at $2.10. Approximately 89,430 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 1,024,962 shares. The stock had previously closed at $2.18.

Wheels Up Experience Trading Up 5.2 %

The stock has a 50 day moving average of $2.08 and a 200 day moving average of $2.38. The company has a debt-to-equity ratio of 238.01, a current ratio of 0.33 and a quick ratio of 0.31. The firm has a market cap of $1.56 billion, a P/E ratio of -0.22 and a beta of 2.23.

Wheels Up Experience (NYSE:UP) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.13) EPS for the quarter. The firm had revenue of $196.29 million for the quarter. Wheels Up Experience had a negative net margin of 43.79% and a negative return on equity of 796.67%.

Institutional Investors Weigh In On Wheels Up Experience

A number of institutional investors have recently made changes to their positions in UP. Quadrature Capital Ltd purchased a new stake in Wheels Up Experience during the fourth quarter valued at about $34,000. Koss Olinger Consulting LLC bought a new stake in Wheels Up Experience in the third quarter valued at approximately $26,000. Capital Square LLC purchased a new stake in shares of Wheels Up Experience during the first quarter valued at approximately $41,000. Renaissance Technologies LLC purchased a new position in shares of Wheels Up Experience in the second quarter worth $28,000. Finally, Fifth Lane Capital LP bought a new position in Wheels Up Experience during the 1st quarter valued at approximately $45,000. Hedge funds and other institutional investors own 98.20% of the company’s stock.

About Wheels Up Experience

Wheels Up Experience Inc provides private aviation services in the United States and internationally. The company offers membership programs consisting of Connect that offers members variable dynamic pricing on a per trip basis and flexibility on their schedule; Core for private flyers; and UP for Business for small and medium enterprise, and large corporate customers for whom it is primary provider of private flights, as well as supplementary solution to their own aircraft operations.