PHI Inc. (PHIIK) Plunges 7.21% on March 22

PHI Inc. (PHIIK) Plunges 7.21% on March 22

PHI Inc. (PHIIK) had a rough trading day for Friday March 22 as shares tumbled 7.21%, or a loss of $-0.08 per share, to close at $1.03. After opening the day at $1.02, shares of PHI Inc. traded as high as $1.11 and as low as $1.02. Volume was 303,981 shares over 653 trades, against an average daily volume of n/a shares and a total float of 15.82 million.

As a result of the decline, PHI Inc. now has a market cap of $16.29 million. In the last year, shares of PHI Inc. have traded between a range of $13.39 and $1.08, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.

PHI Inc provides transportation to, from, and among offshore platforms for customers engaged in the oil and gas exploration, development, and production industry. The company operates through three business segments namely Oil and Gas, Air Medical, and Technical Services. The Oil and Gas segment provides helicopter services to oil and gas exploration and production companies Gulf of Mexico. Air Medical provides services for hospitals and emergency service agencies. Technical Services engaged in providing helicopter repair and overhaul services for flight operations customers. The company customers have entered into fixed-term contracts. It generates revenue from Oil and Gas and Air Medical segment.

PHI Inc. is based out of Lafayette, LA and has some 2,521 employees. Its CEO is Al A. Gonsoulin.

PHI Inc. is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

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