Air China (OTCMKTS:AIRYY) Reaches New 1-Year Low – Here’s What Happened

Air China Ltd. (OTCMKTS:AIRYY)’s share price reached a new 52-week low on Monday . The stock traded as low as $9.0475 and last traded at $9.0475, with a volume of 354 shares changing hands. The stock had previously closed at $9.69.

Analyst Upgrades and Downgrades

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

Air China Stock Performance

The firm has a market cap of $7.89 billion, a PE ratio of 28.27 and a beta of 0.13. The company has a 50 day simple moving average of $10.29 and a 200-day simple moving average of $11.89. The company has a debt-to-equity ratio of 4.13, a current ratio of 0.30 and a quick ratio of 0.26.

Air China Company Profile

Air China Limited is a China-based airline and the country’s national flag carrier. Headquartered in Beijing, the company provides scheduled passenger and air cargo transportation services, along with aircraft maintenance, airport services and other aviation-related activities.

Founded in 1988, Air China operates an extensive network linking major cities in mainland China with destinations across Asia, Europe, North America, Oceania and other international markets. Its services include domestic and international flights, connecting passengers through key hubs such as Beijing, Chengdu and Shanghai.

Air China is part of China National Aviation Holding Corporation and has interests in or relationships with several aviation businesses, including Shenzhen Airlines and Air Macau.