Air China (OTCMKTS:AIRYY) Shares Gap Down – Here’s What Happened

Air China Ltd. (OTCMKTS:AIRYY) shares gapped down prior to trading on Monday . The stock had previously closed at $12.20, but opened at $10.40. Air China shares last traded at $10.40, with a volume of 416 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research lowered Air China from a “hold” rating to a “strong sell” rating in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Air China Price Performance

The firm has a market cap of $9.07 billion, a PE ratio of 32.50 and a beta of 0.09. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 4.13. The stock has a 50 day moving average price of $12.15 and a two-hundred day moving average price of $15.38.

Air China (OTCMKTS:AIRYY) last issued its quarterly earnings results on Wednesday, April 29th. The transportation company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.73) by $1.02. The business had revenue of $6.43 billion for the quarter, compared to analyst estimates of $2.39 billion. Air China had a return on equity of 5.01% and a net margin of 1.12%.

Air China Company Profile

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.