Bridger Aerospace Group (NASDAQ:BAER) Trading Down 4.8%

Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) shares dropped 4.8% during trading on Friday . The company traded as low as $4.71 and last traded at $4.71. Approximately 22,550 shares were traded 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 Trading Down 4.8 %

The company has a market cap of $211.20 million, a PE ratio of -11.49 and a beta of -0.24. The stock has a 50 day moving average price of $5.01 and a 200 day moving average price of $5.56.

Bridger Aerospace Group (NASDAQ:BAER) last released its earnings results on Tuesday, March 19th. The company reported ($0.80) EPS for the quarter. The firm had revenue of $1.11 million during 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 shares of Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 owned by institutional investors.

About Bridger Aerospace Group

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.