Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY – Get Free Report)’s share price gapped up before the market opened on Wednesday. The stock had previously closed at $8.52, but opened at $9.30. Cathay Pacific Airways shares last traded at $9.30, with a volume of 429 shares traded.
Wall Street Analyst Weigh In
Separately, Citigroup raised Cathay Pacific Airways from a “strong sell” rating to a “buy” rating in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.
Check Out Our Latest Stock Report on CPCAY
Cathay Pacific Airways Trading Up 0.2%
The firm’s fifty day moving average price is $8.97 and its two-hundred day moving average price is $8.41.
About Cathay Pacific Airways
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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