Cathay Pacific Airways (OTCMKTS:CPCAY) Shares Up 5.2% – Still a Buy?

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAYGet Free Report)’s share price rose 5.2% during trading on Wednesday . The stock traded as high as $9.66 and last traded at $9.66. Approximately 2,019 shares changed hands during trading, a decline of 58% from the average session volume of 4,843 shares. The stock had previously closed at $9.1850.

Analysts Set New Price Targets

Separately, Citigroup upgraded shares of Cathay Pacific Airways from a “strong sell” rating to a “buy” rating in a research note on Tuesday, July 21st. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

View Our Latest Stock Analysis on CPCAY

Cathay Pacific Airways Price Performance

The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.75. The firm has a fifty day moving average price of $8.73 and a 200 day moving average price of $8.23.

Cathay Pacific Airways Company Profile

(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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