Flight Safety Technologies, Inc. is an AMEX listed security that has been trading in a range between $1.00 and $2.74 over the past year. With 8,215,210 shares outstanding, a recent price of $2.44 gives a total market capitalization of $21,112,268. While there are certainly larger companies, Flight Safety Technologies, Inc. has definitely earned its place in the pack. Last year, Flight Safety Technologies, Inc. created $-0.36 in earnings for every share outstanding.
Flight Safety Technologies, Inc. is currently priced by the market at 0.00 times last year’s earnings. Many trading multiples around the world are quite attractive these days, but don’t be fooled. A Price to Earnings ratio of 0 simply means that the security didn’t make any money last year.
With a share price under $50 a share and earnings per share below $1 a share, Flight Safety Technologies, Inc. is unlikely to be an interesting value proposition.
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