Air China (OTCMKTS:AIRYY) Shares Gap Down – Here’s What Happened

Air China Ltd. (OTCMKTS:AIRYYGet Free Report) gapped down before the market opened on Monday . The stock had previously closed at $11.54, but opened at $10.4004. Air China shares last traded at $10.4004, with a volume of 503 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut Air China from a “hold” rating to a “strong sell” rating in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Air China presently has a consensus rating of “Sell”.

Check Out Our Latest Analysis on AIRYY

Air China Price Performance

The stock’s fifty day moving average price is $11.03 and its 200-day moving average price is $14.04. The company has a debt-to-equity ratio of 4.13, a quick ratio of 0.26 and a current ratio of 0.30. The firm has a market cap of $9.07 billion, a PE ratio of 32.50 and a beta of 0.13.

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

About Air China

(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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