Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY – Get Free Report) shares gapped down prior to trading on Friday. The stock had previously closed at $8.45, but opened at $7.97. Cathay Pacific Airways shares last traded at $8.31, with a volume of 1,715 shares changing hands.
Wall Street Analyst Weigh In
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 investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.
Read Our Latest Research Report on Cathay Pacific Airways
Cathay Pacific Airways Trading Down 1.7%
The business’s fifty day simple moving average is $9.05 and its two-hundred day simple moving average is $8.50.
Cathay Pacific Airways Company Profile
Cathay Pacific Airways Limited is the flag carrier of Hong Kong and the principal operating airline of the Cathay Group. The company provides scheduled passenger and air cargo services through its Cathay Pacific brand, connecting Hong Kong with destinations across Asia, Europe, North America, Oceania, the Middle East and Africa. Hong Kong International Airport serves as its primary hub.
In addition to passenger transportation, Cathay Pacific operates Cathay Cargo, which provides air freight services for commercial shipments, specialized cargo and logistics customers.
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