ANA (OTCMKTS:ALNPY) Trading 6.1% Higher – Here’s What Happened

Shares of ANA Holdings Inc. (OTCMKTS:ALNPY) were up 6.1% during trading on Wednesday . The stock traded as high as $3.94 and last traded at $3.64. Approximately 401 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 5,906 shares. The stock had previously closed at $3.43.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ALNPY shares. Zacks Research upgraded shares of ANA to a “hold” rating in a research note on Wednesday, June 3rd. Nomura upgraded ANA from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

ANA Stock Performance

The company has a current ratio of 1.54, a quick ratio of 1.46 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $8.81 billion, a PE ratio of 8.59 and a beta of 0.47. The stock’s 50 day moving average price is $3.66 and its two-hundred day moving average price is $3.80.

ANA (OTCMKTS:ALNPY) last posted its earnings results on Thursday, April 30th. The transportation company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.06 billion. ANA had a return on equity of 13.20% and a net margin of 6.65%. On average, equities analysts expect that ANA Holdings Inc. will post 0.26 earnings per share for the current year.

About ANA

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.