Bridger Aerospace Group (NASDAQ:BAER) Stock Price Down 4.8%

Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER)’s share price was down 4.8% during trading on Friday . The stock traded as low as $4.71 and last traded at $4.71. Approximately 22,550 shares changed hands during mid-day trading, an increase of 10% from the average daily volume of 20,496 shares. The stock had previously closed at $4.95.

Bridger Aerospace Group Stock Performance

The firm has a market capitalization of $211.21 million, a price-to-earnings ratio of -11.49 and a beta of -0.24. The firm’s 50-day moving average price is $5.01 and its two-hundred day moving average price is $5.55.

Bridger Aerospace Group (NASDAQ:BAER) last posted its quarterly earnings results on Tuesday, March 19th. The company reported ($0.80) earnings per share for the quarter. The company had revenue of $1.11 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Bridger Aerospace Group stock. Peterson Wealth Advisors LLC acquired a new stake in Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 194,436 shares of the company’s stock, valued at approximately $976,000. Peterson Wealth Advisors LLC owned about 0.43% of Bridger Aerospace Group at the end of the most recent quarter. 48.94% of the stock is currently owned by institutional investors.

Bridger Aerospace Group Company Profile

Bridger Aerospace Group Holdings, Inc provides aerial wildfire management, relief and suppression, and firefighting services to federal and state government agencies in the United States. It offers fire suppression services, such as direct fire suppression aerial firefighting support services for ground crew to drop large amounts of water quickly and directly on wildfires.