PHI INC/SH (NASDAQ:PHIIK) Share Price Passes Below 200 Day Moving Average of $0.00

PHI INC/SH NV (NASDAQ:PHIIK)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as low as $0.05. PHI INC/SH shares last traded at $0.06, with a volume of 101,210 shares changing hands.

The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.44 and a current ratio of 0.53. The stock’s fifty day simple moving average is $0.23.

Institutional investors have recently modified their holdings of the business. Geode Capital Management LLC lifted its holdings in shares of PHI INC/SH by 24.5% during the 4th quarter. Geode Capital Management LLC now owns 133,038 shares of the energy producer’s stock worth $246,000 after acquiring an additional 26,190 shares during the period. Municipal Employees Retirement System of Michigan bought a new position in shares of PHI INC/SH during the 4th quarter worth about $190,000. Finally, California Public Employees Retirement System lifted its holdings in shares of PHI INC/SH by 27.8% during the 4th quarter. California Public Employees Retirement System now owns 44,556 shares of the energy producer’s stock worth $82,000 after acquiring an additional 9,683 shares during the period. 43.22% of the stock is owned by hedge funds and other institutional investors.

About PHI INC/SH (NASDAQ:PHIIK)

PHI, Inc, together with its subsidiaries, provides transportation services to, from, and among offshore facilities for customers in the oil and gas exploration, development, and production industry in the United States and internationally. It operates through three business segments: Oil and Gas, Air Medical, and Technical Services.

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