Flight Centre (OTCMKTS:FGETF) Shares Gap Down – What’s Next?

Flight Centre Ltd. (OTCMKTS:FGETF) shares gapped down prior to trading on Wednesday. The stock had previously closed at $9.56, but opened at $6.7575. Flight Centre shares last traded at $6.7575, with a volume of 946 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Citigroup cut Flight Centre to a “neutral” rating in a research note on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Flight Centre Stock Performance

The firm’s 50-day simple moving average is $8.81 and its 200 day simple moving average is $8.00.

Flight Centre Company Profile

Flight Centre Travel Group Limited is an Australia-based travel services company that sells leisure and business travel products through retail stores, online channels and corporate travel offices. Its services include airfares, accommodation, holiday packages, tours, cruises, car hire, travel insurance and related travel arrangements.

The company also provides corporate travel management, meetings and events services, travel consulting and expense-related support. Its brand portfolio includes Flight Centre, FCM Travel, Corporate Traveler, StudentUniverse, Travel Associates, Scott Dunn and cievents, serving individual travelers, businesses, institutions and groups.

Founded in Brisbane in 1982, Flight Centre has expanded from its Australian origins into a global travel business.