ANA (OTCMKTS:ALNPY) Shares Gap Up – Here’s Why

ANA Holdings Inc. (OTCMKTS:ALNPYGet Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $3.74, but opened at $4.14. ANA shares last traded at $4.15, with a volume of 2,184 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Zacks Research upgraded shares of ANA to a “hold” rating in a research report on Wednesday, June 3rd. Nomura raised shares of ANA from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

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ANA Price Performance

The company has a quick ratio of 1.46, a current ratio of 1.54 and a debt-to-equity ratio of 0.65. The stock has a market cap of $8.81 billion, a P/E ratio of 9.22 and a beta of 0.46. The firm has a 50 day moving average price of $3.77 and a 200 day moving average price of $3.79.

ANA (OTCMKTS:ALNPYGet Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. ANA had a return on equity of 12.15% and a net margin of 6.27%.The company had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $3.98 billion. On average, analysts forecast that ANA Holdings Inc. will post 0.26 EPS for the current fiscal year.

ANA Company Profile

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All Nippon Airways Co, Ltd. (OTCMKTS: ALNPY) is a Tokyo-based airline offering passenger and cargo air transportation services. Founded in 1952, the company operates scheduled flights under its ANA brand, providing a network of domestic and international routes. In addition to core flight operations, ANA delivers ancillary services including in-flight catering, ground handling and aircraft maintenance.

ANA’s diversified business model encompasses several subsidiaries such as ANA Wings and Air Japan for regional operations, and ANA Cargo for freight services.

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