Cathay Pacific Airways (OTCMKTS:CPCAY) Shares Gap Down – Should You Sell?

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAYGet Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $9.30, but opened at $8.86. Cathay Pacific Airways shares last traded at $9.19, with a volume of 386 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CPCAY shares. Citigroup upgraded Cathay Pacific Airways from a “strong sell” rating to a “buy” rating in a report on Tuesday, July 21st. Zacks Research cut Cathay Pacific Airways from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Cathay Pacific Airways has an average rating of “Moderate Buy”.

Get Our Latest Stock Analysis on CPCAY

Cathay Pacific Airways Price Performance

The stock has a 50 day moving average of $8.59 and a 200 day moving average of $8.19. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.38 and a quick ratio of 0.38.

About Cathay Pacific Airways

(Get Free Report)

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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