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

Air China Ltd. (OTCMKTS:AIRYYGet Free Report) gapped up before the market opened on Monday . The stock had previously closed at $10.4004, but opened at $10.75. Air China shares last traded at $10.75, with a volume of 200 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised 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.com, the company presently has a consensus rating of “Hold”.

View Our Latest Stock Analysis on Air China

Air China Stock Performance

The stock’s 50-day moving average is $10.40 and its 200 day moving average is $12.77. The stock has a market cap of $9.38 billion, a price-to-earnings ratio of 33.59 and a beta of 0.14. The company has a debt-to-equity ratio of 4.13, a current ratio of 0.30 and a quick ratio of 0.26.

Air China Company Profile

(Get Free Report)

Air China Limited, trading on the OTCMKTS as AIRYY, is the flag carrier of the People’s Republic of China and one of the country’s major state-owned airlines. Established in 1988 following the restructuring of the Civil Aviation Administration of China (CAAC), Air China offers a broad range of air transportation services for passengers and cargo. Its core operations include scheduled domestic flights, international and regional routes, as well as charter services.

The airline operates a diverse fleet of Airbus and Boeing aircraft, serving more than 200 destinations across six continents.

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