Air China (OTCMKTS:AIRYY) Hits New 1-Year Low – Time to Sell?

Shares of Air China Ltd. (OTCMKTS:AIRYY – Get Free Report) hit a new 52-week low during trading on Friday . The stock traded as low as $11.55 and last traded at $11.55, with a volume of 204 shares. The stock had previously closed at $12.20.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered shares of Air China from a “hold” rating to a “strong sell” rating in a report on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

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Air China Stock Performance

The company has a market capitalization of $10.08 billion, a price-to-earnings ratio of 36.09 and a beta of 0.09. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 4.13. The stock’s fifty day simple moving average is $12.24 and its 200-day simple moving average is $15.51.

Air China (OTCMKTS:AIRYY – Get Free Report) last released its earnings results on Wednesday, April 29th. The transportation company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.73) by $1.02. The company had revenue of $6.43 billion for the quarter, compared to analyst estimates of $2.39 billion. Air China had a net margin of 1.12% and a return on equity of 5.01%.

Air China Company Profile

(Get Free Report)

Air China Limited, trading on the OTCMKTS as AIRYY, is the flag carrier of the People’s Republic of China and one of the country’s major state-owned airlines. Established in 1988 following the restructuring of the Civil Aviation Administration of China (CAAC), Air China offers a broad range of air transportation services for passengers and cargo. Its core operations include scheduled domestic flights, international and regional routes, as well as charter services.

The airline operates a diverse fleet of Airbus and Boeing aircraft, serving more than 200 destinations across six continents.

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