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

Air China Ltd. (OTCMKTS:AIRYY) gapped down before the market opened on Wednesday . The stock had previously closed at $10.0875, but opened at $9.57. Air China shares last traded at $9.57, with a volume of 109 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Air China to a “hold” rating in a research report on Friday, August 7th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Air China Stock Down 5.7%

The firm has a market capitalization of $8.35 billion, a P/E ratio of 29.91 and a beta of 0.13. The company has a 50 day simple moving average of $10.38 and a two-hundred day simple moving average of $12.40. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 4.13.

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.