Corporacion America Airports SA (NYSE:CAAP) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 324,500 shares, a drop of 7.1% from the July 31st total of 349,200 shares. Based on an average trading volume of 184,000 shares, the short-interest ratio is currently 1.8 days. Currently, 1.1% of the shares of the company are short sold.
Shares of CAAP traded down $0.03 during midday trading on Friday, reaching $5.24. The stock had a trading volume of 111,200 shares, compared to its average volume of 167,095. The firm has a 50 day simple moving average of $6.09 and a 200-day simple moving average of $7.45. Corporacion America Airports has a one year low of $4.66 and a one year high of $9.84. The firm has a market cap of $856.12 million, a PE ratio of 131.25, a P/E/G ratio of 0.31 and a beta of 1.76. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74.
Corporacion America Airports (NYSE:CAAP) last posted its earnings results on Friday, August 23rd. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.50. The company had revenue of $412.56 million during the quarter, compared to analysts’ expectations of $366.20 million. Corporacion America Airports had a net margin of 7.01% and a return on equity of 8.66%. As a group, research analysts forecast that Corporacion America Airports will post 0.56 EPS for the current fiscal year.
A number of brokerages have recently commented on CAAP. Zacks Investment Research raised shares of Corporacion America Airports from a “hold” rating to a “buy” rating and set a $6.25 price objective for the company in a research report on Thursday, August 22nd. ValuEngine raised shares of Corporacion America Airports from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st.
About Corporacion America Airports
Corporación América Airports SA acquires, develops, and operates airport concessions. It operates 52 airports in Latin America, Europe, and Eurasia. The company was formerly knwona as A.C.I. Airports International S.à r.l. The company was founded in 1998 and is based in Luxembourg City, Luxembourg. Corporación América Airports SA is a subsidiary of A.C.I.
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