Virgin Galactic (NYSE:SPCE) Announces Earnings Results, Beats Estimates By $1.12 EPS

Virgin Galactic (NYSE:SPCE) released its earnings results on Wednesday. The company reported ($2.53) earnings per share for the quarter, beating the consensus estimate of ($3.65) by $1.12, Zacks reports. Virgin Galactic had a negative return on equity of 88.09% and a negative net margin of 3,975.27%.

Virgin Galactic Stock Down 5.0 %

Shares of SPCE traded down $0.20 during midday trading on Wednesday, hitting $3.86. The company had a trading volume of 1,639,711 shares, compared to its average volume of 1,794,288. Virgin Galactic has a 1 year low of $3.83 and a 1 year high of $38.98. The firm has a market capitalization of $111.34 million, a P/E ratio of -0.22 and a beta of 1.74. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.52 and a current ratio of 4.52. The company’s 50-day simple moving average is $5.22 and its 200-day simple moving average is $6.13.

About Virgin Galactic

Virgin Galactic Holdings, Inc, an aerospace and space travel company, focuses on the development, manufacture, and operation of spaceships and related technologies. The company engages in the design and development, manufacturing, ground and flight testing, spaceflight operation, and post-flight maintenance of spaceflight systems for private individuals, researchers, and government agencies.