Cathay Pacific Airways (OTCMKTS:CPCAY) Shares Gap Up – Time to Buy?

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $7.95, but opened at $8.2970. Cathay Pacific Airways shares last traded at $8.2970, with a volume of 1,081 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CPCAY. Zacks Research raised Cathay Pacific Airways from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 25th. Citigroup lowered Cathay Pacific Airways from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold”.

Cathay Pacific Airways Trading Up 2.1%

The company’s 50-day moving average is $8.11 and its two-hundred day moving average is $7.57.

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.