ANA (OTCMKTS:ALNPY) Stock Price Up 6.1% – Here’s Why

ANA Holdings Inc. (OTCMKTS:ALNPY)’s share price was up 6.1% during trading on Wednesday . The stock traded as high as $3.94 and last traded at $3.64. Approximately 401 shares were traded during mid-day trading, a decline of 93% from the average session volume of 5,906 shares. The stock had previously closed at $3.43.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Nomura upgraded shares of ANA from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 2nd. Zacks Research raised ANA to a “hold” rating in a report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

ANA Trading Down 7.6%

The company has a quick ratio of 1.46, a current ratio of 1.54 and a debt-to-equity ratio of 0.65. The stock has a market cap of $8.49 billion, a PE ratio of 8.27 and a beta of 0.47. The business’s fifty day moving average is $3.65 and its 200 day moving average is $3.80.

ANA (OTCMKTS:ALNPY) last released its quarterly earnings data on Thursday, April 30th. The transportation company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.07 by $0.02. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.06 billion. ANA had a net margin of 6.65% and a return on equity of 13.20%. As a group, analysts predict that ANA Holdings Inc. will post 0.26 earnings per share for the current year.

About ANA

All Nippon Airways Co, Ltd. (OTCMKTS: ALNPY) is a Tokyo-based airline offering passenger and cargo air transportation services. Founded in 1952, the company operates scheduled flights under its ANA brand, providing a network of domestic and international routes. In addition to core flight operations, ANA delivers ancillary services including in-flight catering, ground handling and aircraft maintenance.

ANA’s diversified business model encompasses several subsidiaries such as ANA Wings and Air Japan for regional operations, and ANA Cargo for freight services.