Embraer-Empresa Brasileira de Aeronautica (ERJ) has been under a strong bear grip, hence the stock is down -12.63% 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 2.12% in the past 1 week. The stock has risen by 2.17% in the past week indicating that the buyers are active at lower levels, but the stock is down -11.73% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 4.39% and the 50-Day Moving Average is 8.81%. Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ): On Fridays trading session , Opening price of the stock was $18.68 with an intraday high of $18.86. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $18.66. However, the stock managed to close at $18.82, a loss of 0.32% for the day. On the previous day, the stock had closed at $18.88. The total traded volume of the day was 1,458,249 shares.
The company Insiders own 1% of Embraer-Empresa Brasileira de Aeronautica shares according to the proxy statements. Institutional Investors own 48.4% of Embraer-Empresa Brasileira de Aeronautica shares. Also, In a research note released to the investors, HSBC downgrades its rating on Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ).The analysts at the brokerage house have a current rating of Hold on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on August 1, 2016.
Embraer S.A. (Embraer) produces aircraft for commercial and executive aviation, and for defense and security purposes. The Company operates through four segments: Commercial aviation business, Defense and security business, Executive Jets business and Other. The Commercial Aviation business involves the development, production and sale of commercial jets, and rendering of support services. The Defense and security business operations mainly involve research, development, production, modification and support for military defense and security aircraft, as well as a range of products and integrated solutions. The Executive Aviation market operations are constituted by development, production and sale of executive jets, as well as by providing support services and aircraft operational leasing. The Other segment supplies structural parts and mechanical and hydraulic systems, and produces agricultural crop-spraying aircraft.