PHI, Inc. (PHIIK) Just Reaches 52-Week Low?

PHI, Inc. (NASDAQ:PHIIK) Logo

The stock of PHI, Inc. (NASDAQ:PHIIK) hit a new 52-week low and has $1.37 target or 8.00 % below today’s $1.49 share price. The 5 months bearish chart indicates high risk for the $28.27M company. The 1-year low was reported on Mar, 15 by Barchart.com. If the $1.37 price target is reached, the company will be worth $2.26M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 24.23% or $0.475 during the last trading session, reaching $1.485. About 1.54 million shares traded or 175.09% up from the average. PHI, Inc. (NASDAQ:PHIIK) has declined 77.62% since March 15, 2018 and is downtrending. It has underperformed by 81.99% the S&P500.

More notable recent PHI, Inc. (NASDAQ:PHIIK) news were published by: Seekingalpha.com which released: “PHI: Thesis On Track, A Double Or More In 12 Months – Seeking Alpha” on September 11, 2017, also Seekingalpha.com with their article: “Midday Gainers / Losers – Seeking Alpha” published on November 15, 2018, Seekingalpha.com published: “KIRK and FRSX among premarket losers – Akari Therapeutics, Plc (NASDAQ:AKTX) – Seeking Alpha” on March 15, 2019. More interesting news about PHI, Inc. (NASDAQ:PHIIK) were released by: Seekingalpha.com and their article: “NVIDIA , Gogo, PG&E and Sphere 3D among midday movers – Seeking Alpha” published on November 16, 2018 as well as Businesswire.com‘s news article titled: “PHI Provides Update on Its Refinancing and Strategic Plans – Business Wire” with publication date: September 28, 2018.

PHI, Inc., together with its subsidiaries, provides transportation services to, from, and among offshore facilities for clients in the gas and oil exploration, development, and production industry in the United States and internationally. The company has market cap of $28.27 million. It operates through three business divisions: Oil and Gas, Air Medical, and Technical Services. It currently has negative earnings. The Oil and Gas segment provides helicopter services primarily for the integrated and independent gas and oil exploration and production companies, and other offshore oil service companies for routine transportation of personnel and equipment, transportation of personnel during medical and safety emergencies, and evacuation of personnel during the threat of hurricanes and other adverse weather conditions.

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