Cathay Pacific Airways (OTCMKTS:CPCAY) Hits New 12-Month High – Time to Buy?

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $9.8260 and last traded at $9.8260, with a volume of 717 shares traded. The stock had previously closed at $9.2324.

Analysts Set New Price Targets

CPCAY has been the subject of a number of recent analyst reports. Zacks Research cut Cathay Pacific Airways from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Citigroup raised Cathay Pacific Airways from a “strong sell” rating to a “buy” rating in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Cathay Pacific Airways has an average rating of “Moderate Buy”.

Cathay Pacific Airways Price Performance

The stock’s fifty day moving average price is $8.35 and its 200-day moving average price is $8.09. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.75.

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.