Aircastle Limited (AYR) has been under a strong bear grip, hence the stock is down -0.7% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 7.34% in the past 1 week. The stock has risen by 7.31% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.32% in the past 4 weeks.
Aircastle LTD is up 5.39% in the last 3-month period. Year-to-Date the stock performance stands at 6.56%. The stock has recorded a 20-day Moving Average of 1.73% and the 50-Day Moving Average is 3.8%.
Aircastle Limited (NYSE:AYR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $20.96 and $20.96 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $21.85. The buying momentum continued till the end and the stock did not give up its gains. It closed at $21.74, notching a gain of 3.52% for the day. The total traded volume was 541,040 . The stock had closed at $21.00 on the previous day.
Also, In the latest statement by the brokerage house, FBR Capital downgrades its outlook on Aircastle Limited (NYSE:AYR). The current rating of the shares is Market Perform, according to the research report released by the firm. Previously, the company had a rating of Outperform. The rating by the firm was issued on August 5, 2016.
Aircastle Limited (Aircastle) is a holding company. The Company, through its subsidiaries, is engaged in acquiring, leasing and selling commercial jet aircrafts. As of December 31, 2014, the Companys aircraft portfolio consisted of 148 aircraft leased to 54 lessees located in about 34 countries. The Company manages its aircraft fleet through offices in the United States, Ireland and Singapore. It also makes investments in other aviation assets, including debt investments secured by commercial jet aircraft. The Company offers passenger aircraft, including narrowbody, midbody and widebody, and freighter aircrafts. The Company has operations in Europe, Asia and Pacific, North America, South America and Middle East and Africa. As of December 31, 2014, its customers include Martinair (including its affiliate Transavia), LATAM Airlines Group S.A. and South African Airways Pty. Ltd.