ANA (OTCMKTS:ALNPY) Stock Price Down 7.1% – Here’s What Happened

ANA Holdings Inc. (OTCMKTS:ALNPY) shares dropped 7.1% on Friday . The stock traded as low as $3.66 and last traded at $3.66. 1,758 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 6,034 shares. The stock had previously closed at $3.94.

Wall Street Analysts Forecast Growth

ALNPY has been the topic of several research analyst reports. Nomura raised shares of ANA from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 2nd. Zacks Research upgraded ANA to a “hold” rating in a research report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

ANA Trading Down 1.3%

The company has a current ratio of 1.48, a quick ratio of 1.40 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $9.07 billion, a P/E ratio of 9.49 and a beta of 0.46. The business has a 50 day moving average price of $3.86 and a 200 day moving average price of $3.77.

ANA (OTCMKTS:ALNPY) last released its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. ANA had a net margin of 6.27% and a return on equity of 12.24%. The business had revenue of $4.10 billion for the quarter, compared to analyst estimates of $3.98 billion. Analysts anticipate that ANA Holdings Inc. will post 0.29 EPS for the current year.

About ANA

ANA Holdings Inc is a Japan-based transportation group best known for its airline operations under the All Nippon Airways (ANA) brand. The company provides scheduled passenger and cargo air transportation, with a network connecting destinations throughout Japan and international markets across Asia, North America, Europe and other regions.

Through its airline businesses, the group offers full-service flights through ANA, value-oriented service through Peach Aviation, and international operations through AirJapan.