Air China (OTCMKTS:AIRYY) Shares Gap Down – What’s Next?

Shares of Air China Ltd. (OTCMKTS:AIRYYGet Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $18.22, but opened at $14.65. Air China shares last traded at $14.65, with a volume of 250 shares trading hands.

Air China Trading Down 19.6%

The company has a quick ratio of 0.36, a current ratio of 0.41 and a debt-to-equity ratio of 3.75. The firm has a 50 day moving average price of $18.34 and a 200 day moving average price of $16.03. The stock has a market capitalization of $12.78 billion, a PE ratio of 732.87 and a beta of -0.14.

Air China Company Profile

(Get Free Report)

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.

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