Air China (OTCMKTS:AIRYY) Shares Gap Up – Here’s Why

Air China Ltd. (OTCMKTS:AIRYY – Get Free Report)’s share price gapped up before the market opened on Wednesday. The stock had previously closed at $9.4125, but opened at $10.40. Air China shares last traded at $10.40, with a volume of 544 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Air China to a “hold” rating in a research note on Friday, August 7th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Get Our Latest Stock Analysis on Air China

Air China Price Performance

The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 4.13. The stock has a market cap of $9.07 billion, a price-to-earnings ratio of -26.67 and a beta of 0.13. The company’s 50-day moving average is $10.04 and its 200-day moving average is $11.21.

Air China Company Profile

(Get Free Report)

Air China Limited is the flag carrier of the People’s Republic of China and is headquartered in Beijing. Established in 1988, the company provides scheduled passenger air transportation, air cargo and mail services, and related aviation services. Its operations serve major cities throughout mainland China and connect the country with destinations across Asia, Europe, North America, Oceania, and other international markets.

The company operates under the Air China brand and offers domestic, regional, and long-haul international flights.

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