Today PHI, Inc. (PHIIK) Stock Reaches 1 Year Low

July 13, 2018 - By Elizabeth Jones

PHI, Inc. (NASDAQ:PHIIK) Logo

The stock of PHI, Inc. (NASDAQ:PHIIK) hit a new 52-week low and has $8.37 target or 9.00 % below today’s $9.20 share price. The 6 months bearish chart indicates high risk for the $147.66M company. The 1-year low was reported on Jul, 13 by Barchart.com. If the $8.37 price target is reached, the company will be worth $13.29M 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 3.56% or $0.34 during the last trading session, reaching $9.2. About 135,720 shares traded or 200.47% up from the average. PHI, Inc. (NASDAQ:PHIIK) has risen 27.51% since July 13, 2017 and is uptrending. It has outperformed by 14.94% the S&P500.

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 $147.66 million. It operates through three business divisions: Oil and Gas, Air Medical, and Technical Services. It has a 25.07 P/E ratio. 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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