Cathay Pacific Airways (OTCMKTS:CPCAY) Shares Gap Up – Here’s What Happened

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY) shares gapped up prior to trading on Thursday . The stock had previously closed at $7.40, but opened at $7.72. Cathay Pacific Airways shares last traded at $7.4350, with a volume of 2,642 shares changing hands.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Citigroup cut Cathay Pacific Airways from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. Zacks Research upgraded Cathay Pacific Airways from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Cathay Pacific Airways Stock Performance

The firm has a 50-day moving average price of $8.05 and a 200-day moving average price of $7.68.

About Cathay Pacific Airways

Cathay Pacific Airways Limited (OTCMKTS:CPCAY) is the flag carrier of Hong Kong, operating a comprehensive network of scheduled passenger and cargo services across Asia, Europe, North America and Australasia. The airline’s fleet consists primarily of wide-body aircraft, including Airbus A330, A350 and Boeing 777 models, which are deployed on routes connecting Hong Kong International Airport to more than 80 destinations worldwide. Cathay Pacific is a founding member of the oneworld alliance, enabling seamless travel and loyalty benefits through partnerships with other leading global carriers.

Established in 1946 by American entrepreneur Roy C.