ANA (OTCMKTS:ALNPY) Shares Gap Up – Time to Buy?

ANA Holdings Inc. (OTCMKTS:ALNPY)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $3.53, but opened at $3.64. ANA shares last traded at $3.64, with a volume of 235 shares changing hands.

Analyst Upgrades and Downgrades

ALNPY has been the topic of several research analyst reports. Nomura cut shares of ANA from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 15th. Smbc Nikko Sec. raised shares of ANA to a “hold” rating in a research note on Friday, February 27th. Finally, Zacks Research raised shares of ANA to a “hold” rating in a research note on Wednesday, June 3rd. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, ANA has a consensus rating of “Hold”.

ANA Stock Performance

The firm’s 50-day moving average price is $3.64 and its two-hundred day moving average price is $3.82. The firm has a market capitalization of $8.55 billion, a PE ratio of 8.33 and a beta of 0.46. The company has a quick ratio of 1.51, a current ratio of 1.59 and a debt-to-equity ratio of 0.69.

ANA (OTCMKTS:ALNPY) last released its earnings results on Thursday, April 30th. The transportation company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.06 billion. ANA had a net margin of 6.65% and a return on equity of 13.79%. As a group, research analysts predict that ANA Holdings Inc. will post 0.26 earnings per share for the current fiscal 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.