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 Monday . The stock had previously closed at $12.20, but opened at $10.40. Air China shares last traded at $10.40, with a volume of 416 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research cut Air China from a “hold” rating to a “strong sell” rating in a research note on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Air China presently has a consensus rating of “Sell”.

Air China Stock Performance

The stock has a market capitalization of $9.07 billion, a PE ratio of 32.50 and a beta of 0.09. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 4.13. The firm has a 50 day moving average price of $12.22 and a 200-day moving average price of $15.46.

Air China (OTCMKTS:AIRYY) last announced its quarterly earnings data on Wednesday, April 29th. The transportation company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.73) by $1.02. Air China had a return on equity of 5.01% and a net margin of 1.12%.The firm had revenue of $6.43 billion during the quarter, compared to analysts’ expectations of $2.39 billion.

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.