Air China (OTCMKTS:AIRYY) Sets New 52-Week Low – Here’s What Happened

Air China Ltd. (OTCMKTS:AIRYY)’s stock price reached a new 52-week low on Monday . The stock traded as low as $10.08 and last traded at $10.08, with a volume of 534 shares changing hands. The stock had previously closed at $10.36.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Air China to a “hold” rating in a research report on Friday, August 7th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Air China has an average rating of “Hold”.

Air China Trading Up 0.6%

The stock has a market cap of $8.86 billion, a price-to-earnings ratio of 31.72 and a beta of 0.14. The business has a 50-day simple moving average of $10.39 and a two-hundred day simple moving average of $12.48. The company has a debt-to-equity ratio of 4.13, a quick ratio of 0.26 and a current ratio of 0.30.

About Air China

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.