CATHAY PAC AIRW/S (OTCMKTS:CPCAY) Shares Pass Below 200-Day Moving Average of $6.76

CATHAY PAC AIRW/S (OTCMKTS:CPCAY)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.76 and traded as low as $6.48. CATHAY PAC AIRW/S shares last traded at $6.49, with a volume of 18,856 shares.

CPCAY has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of CATHAY PAC AIRW/S from a “sell” rating to a “hold” rating in a report on Friday, November 8th. ValuEngine raised shares of CATHAY PAC AIRW/S from a “hold” rating to a “buy” rating in a report on Wednesday, October 9th.

The firm has a market capitalization of $5.35 billion, a PE ratio of 17.89 and a beta of 0.95. The company’s fifty day simple moving average is $6.40 and its 200 day simple moving average is $6.75.

About CATHAY PAC AIRW/S (OTCMKTS:CPCAY)

Cathay Pacific Airways Limited, together with its subsidiaries, operates as an airline that provides scheduled passenger and cargo services to approximately 200 destinations in Asia, North America, Australia, Europe, and Africa. It operates in two segments, Airline Business and Non-Airline Business. The company conducts airline operations principally to and from Hong Kong.

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