Shares of Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY – Get Free Report) gapped up before the market opened on Wednesday. The stock had previously closed at $8.52, but opened at $9.30. Cathay Pacific Airways shares last traded at $9.30, with a volume of 429 shares traded.
Analyst Ratings Changes
Separately, Citigroup upgraded Cathay Pacific Airways from a “strong sell” rating to a “buy” rating in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Cathay Pacific Airways presently has an average rating of “Moderate Buy”.
View Our Latest Report on CPCAY
Cathay Pacific Airways Stock Performance
The company has a 50-day moving average of $8.96 and a 200-day moving average of $8.39.
About Cathay Pacific Airways
Cathay Pacific Airways Limited is the flag carrier of Hong Kong and the principal operating airline of the Cathay Group. The company provides scheduled passenger and air cargo services through its Cathay Pacific brand, connecting Hong Kong with destinations across Asia, Europe, North America, Oceania, the Middle East and Africa. Hong Kong International Airport serves as its primary hub.
In addition to passenger transportation, Cathay Pacific operates Cathay Cargo, which provides air freight services for commercial shipments, specialized cargo and logistics customers.
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