Flight Centre (OTCMKTS:FGETF) Sets New 12-Month Low - Here's What Happened

Key Points

• Flight Centre's share price has reached a new 52-week low, trading at $8.07 amid a volume of 750 shares.
• Royal Bank of Canada recently upgraded Flight Centre to an "outperform" rating, contributing to its average rating of "Buy" from analysts.
• The stock is currently down 0.4% and has a fifty-day moving average of $8.10, indicating a challenging performance in the market.

Flight Centre Ltd. (OTCMKTS:FGETF - Get Free Report)'s share price hit a new 52-week low during trading on Monday . The stock traded as low as $8.07 and last traded at $8.07, with a volume of 750 shares changing hands. The stock had previously closed at $8.10.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada upgraded Flight Centre to an "outperform" rating in a research note on Wednesday, August 27th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of "Buy".

Flight Centre Stock Down 0.4%

The business has a fifty day moving average of $8.10 and a two-hundred day moving average of $8.39.

About Flight Centre

Flight Centre Travel Group Limited provides travel retailing services for the leisure and corporate sectors in Australia, New Zealand, the Americas, Europe, the Middle East, Africa, Asia, and internationally. The company offers leisure travel services for the niche sectors, as well as mass, youth, premium, and cruise markets; and corporate travel services for organizations of various sizes across industries, as well as supplies products to its national and international network, or travel retail outlets.

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