Cathay Pacific Airways (OTCMKTS:CPCAY) Shares Down 2% – Time to Sell?

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY) was down 2% during mid-day trading on Friday . The stock traded as low as $6.89 and last traded at $6.89. Approximately 2,673 shares traded hands during trading, a decline of 47% from the average daily volume of 5,009 shares. The stock had previously closed at $7.03.

Wall Street Analyst Weigh In

Separately, Hsbc Global Res upgraded Cathay Pacific Airways from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, May 7th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Cathay Pacific Airways presently has a consensus rating of “Hold”.

Cathay Pacific Airways Stock Performance

The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 1.08. The business has a fifty day moving average of $7.05 and a two-hundred day moving average of $6.61.

About Cathay Pacific Airways

Cathay Pacific Airways Limited, together with its subsidiaries, offers international passenger and air cargo transportation services. The company conducts airline operations principally to and from Hong Kong. It also engages in the property investment and travel reward program; operates as a travel tour operator; and provision of financial, aircraft acquisition facilitation, airline catering, information processing, aircraft ramp handling, laundry and dry cleaning, ground handling, and cargo terminal services.