ANA (OTCMKTS:ALNPY) Shares Gap Down – Here’s Why

ANA Holdings Inc. (OTCMKTS:ALNPY) gapped down prior to trading on Friday . The stock had previously closed at $3.78, but opened at $3.64. ANA shares last traded at $3.64, with a volume of 226 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ALNPY. Zacks Research raised shares of ANA to a “hold” rating in a report on Wednesday, June 3rd. Nomura raised shares of ANA from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

ANA Price Performance

The company has a 50-day moving average of $3.66 and a 200 day moving average of $3.80. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.46 and a current ratio of 1.54. The firm has a market cap of $8.49 billion, a P/E ratio of 8.27 and a beta of 0.47.

ANA (OTCMKTS:ALNPY) last announced its quarterly earnings results on Thursday, April 30th. The transportation company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. ANA had a return on equity of 13.20% and a net margin of 6.65%.The firm had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.06 billion. On average, sell-side analysts anticipate that ANA Holdings Inc. will post 0.26 EPS for the current 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.