Gol Linhas Aereas Inteligentes, SA (ADR) (NYSE:GOL) shares are trading low

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Dallas, Texas 07/17/2013 (Financialstrend) – Gol Linhas Aereas Inteligentes, SA (ADR) (NYSE:GOL) is largely occupied in the passenger air transportation sector in Brazil. Through its various subsidiaries, GOL is concerned in the provision of scheduled and non-scheduled passenger air transportation services and also cargo & mail bags freight air transportation. The firm provides international & national concessions and also engaged in the provision of passenger air chartering services. Apart from Brazil, it also delivers its activities in Cayman Islands. As of September 2012, the firm holds 3 planes of non-operating fleet and 147 aircrafts fleet. GOL has its services to the United States, Latin America and the Caribbean.

GOL recorded a decrease in its share price; still the firm is strong in home markets and also mounting to international destinations. There is a great offer for the investors to spend in GOL because the stock implies lower valuations. The firm’s gain of 10.51% was credited to Latam Airlines’ monthly traffic statistics.

Gol Linhas Aereas inteligentes, SA generated return of $-693.20 million in the last 12 months and sales of $3.59 billion. As per the analytic ratios, price to sales ratio of GOL in 12 months was premeditated as 0.21 and price to cash ratio was calculated as 1.24. The firm return on equity ratio is recorded as -152.20% and its return on assets is -16.30%.

Shares of Gol Linhas Aereas Inteligentes, SA (ADR) opened at $3.48 per share on Tuesday and thereafter decreased by 0.87% to close at $3.43 for the day. There had been intraday price movements in the stock within the range of $3.40 as low price to $3.53 as high price. Gol Linhas Aereas has 52 week low at $2.74 and 52 week high at $7.67 per share. The company has 278.86 million shares outstanding in the market which gives it a market cap of $956.49 million and there is institutional ownership in the capital at 15% of the stock. Gol Linhas Aereas witnessed the trade of 3.68 million shares on Tuesday, while the average level is at 2.43 million shares per day.

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