ANA (OTCMKTS:ALNPY) Shares Gap Up – Here’s What Happened

ANA Holdings Inc. (OTCMKTS:ALNPY)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $3.53, but opened at $3.72. ANA shares last traded at $3.91, with a volume of 477 shares.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ALNPY shares. Nomura upgraded shares of ANA from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 2nd. Zacks Research upgraded shares of ANA to a “hold” rating in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

ANA Stock Performance

The stock has a market cap of $9.19 billion, a P/E ratio of 9.61 and a beta of 0.46. The stock has a fifty day simple moving average of $3.71 and a 200-day simple moving average of $3.79. The company has a quick ratio of 1.46, a current ratio of 1.54 and a debt-to-equity ratio of 0.65.

ANA (OTCMKTS:ALNPY) last announced its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The company had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $3.98 billion. ANA had a return on equity of 12.15% and a net margin of 6.27%. Equities analysts expect that ANA Holdings Inc. will post 0.26 earnings per share for the current fiscal 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.