AAR Corp. (NYSE:AIR) traded at a new 52-week high today of $50.00. This new high was reached on below average trading volume as 199,000 shares traded hands, while the average 30-day volume is approximately 352,000 shares.
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 it’s 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.
Based on a current price of $49.30, AAR Corp. is currently 55.0% above its average consensus analyst price target of $22.18.
AAR Corp. share prices have moved between a 52-week high of $50.00 and a 52-week low of $30.90 and are now trading 60% above that low price at $49.30 per share.
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