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

Shares of 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 traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Air China to a “hold” rating in a research report on Friday, August 7th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Air China Stock Performance

The company has a market capitalization of $8.63 billion, a P/E ratio of 30.91 and a beta of 0.13. The company’s 50 day moving average is $10.35 and its 200-day moving average is $12.27. 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.