AAR Corp. (AIR) Soars 6.59% on December 18

AAR Corp. (AIR) Soars 6.59% on December 18

AAR Corp. (AIR) had a good day on the market for Tuesday December 18 as shares jumped 6.59% to close at $42.36. About 383,549 shares traded hands on 4,590 trades for the day, compared with an average daily volume of 246,080 shares out of a total float of 35.04 million. After opening the trading day at $40.10, shares of AAR Corp. stayed within a range of $42.57 to $40.10.

With today’s gains, AAR Corp. now has a market cap of $1.48 billion.

The stock has a P/E Ratio of 75.4. Shares of AAR Corp. have been trading within a range of $51.52 and $36.46 over the last year, and it had a 50-day SMA of $44.78 and a 200-day SMA of $45.16.

AAR Corp is engaged in providing products and services to aviation, government, and defense market. It operates in two segments namely Aviation Services and Expeditionary Services. The Aviation Services segment consists of aftermarket support and services businesses that provide spares and maintenance support for aircraft operated by its commercial and government/defense customers. The Expeditionary Services segment consists of businesses that provide products and services supporting the movement of equipment and personnel by the U.S. Department of Defense, foreign governments, and non-governmental organizations. It generates a majority of its revenue from the Aviation Services Segment.

AAR Corp. is based out of Wood Dale, IL and has some 5,000 employees. Its CEO is John Holmes.

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