Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY – Get Free Report) dropped 5% on Wednesday . The stock traded as low as $7.59 and last traded at $7.59. Approximately 726 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 4,404 shares. The stock had previously closed at $7.99.
Wall Street Analyst Weigh In
Separately, Zacks Research downgraded shares of Cathay Pacific Airways from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce”.
Check Out Our Latest Research Report on CPCAY
Cathay Pacific Airways Trading Down 2.4%
About Cathay Pacific Airways
Cathay Pacific Airways Limited (OTCMKTS:CPCAY) is the flag carrier of Hong Kong, operating a comprehensive network of scheduled passenger and cargo services across Asia, Europe, North America and Australasia. The airline’s fleet consists primarily of wide-body aircraft, including Airbus A330, A350 and Boeing 777 models, which are deployed on routes connecting Hong Kong International Airport to more than 80 destinations worldwide. Cathay Pacific is a founding member of the oneworld alliance, enabling seamless travel and loyalty benefits through partnerships with other leading global carriers.
Established in 1946 by American entrepreneur Roy C.
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