ANA (OTCMKTS:ALNPY) Trading Down 8% – Here’s Why

ANA Holdings Inc. (OTCMKTS:ALNPY)’s share price fell 8% during mid-day trading on Wednesday . The stock traded as low as $3.81 and last traded at $3.81. Approximately 7,025 shares changed hands during trading, an increase of 34% from the average daily volume of 5,257 shares. The stock had previously closed at $4.14.

Wall Street Analysts Forecast Growth

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

ANA Trading Up 8.7%

The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.46 and a current ratio of 1.54. The stock has a market capitalization of $9.65 billion, a PE ratio of 10.10 and a beta of 0.46. The business’s 50-day moving average is $3.80 and its two-hundred day moving average is $3.79.

ANA (OTCMKTS:ALNPY) last announced its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. ANA had a net margin of 6.27% and a return on equity of 12.15%. The company had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $3.98 billion. As a group, equities research analysts anticipate that ANA Holdings Inc. will post 0.29 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.