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

ANA Holdings Inc. (OTCMKTS:ALNPY – Get Free Report)’s share price gapped down prior to trading on Tuesday. The stock had previously closed at $3.99, but opened at $3.70. ANA shares last traded at $3.70, with a volume of 203 shares traded.

Analysts Set New Price Targets

Separately, Nomura upgraded 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

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Read Our Latest Analysis on ALNPY

ANA Stock Performance

The firm has a market cap of $8.63 billion, a price-to-earnings ratio of 9.02 and a beta of 0.50. The stock’s fifty day moving average is $3.94 and its two-hundred day moving average is $3.77. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.40 and a current ratio of 1.48.

ANA (OTCMKTS:ALNPY – Get Free Report) last posted its earnings results on Wednesday, July 29th. The transportation company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.02 by $0.01. The firm had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $3.98 billion. ANA had a net margin of 6.27% and a return on equity of 12.24%. On average, analysts expect that ANA Holdings Inc. will post 0.29 earnings per share for the current fiscal year.

ANA Company Profile

(Get Free Report)

ANA Holdings Inc is a Japanese aviation group best known for operating All Nippon Airways (ANA), one of Japan’s largest airlines. Through its airline businesses, the group provides scheduled passenger and cargo transportation on domestic and international routes, connecting Japan with destinations across Asia, North America, Europe and other regions.

The group’s businesses also include Air Japan, an international airline serving select leisure and business markets, and Peach Aviation, a low-cost carrier focused primarily on domestic and short-haul international travel.

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