Cathay Pacific Airways (OTCMKTS:CPCAY) Shares Gap Up – Still a Buy?

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAYGet Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $8.3340, but opened at $9.10. Cathay Pacific Airways shares last traded at $8.83, with a volume of 23,652 shares.

Wall Street Analysts Forecast Growth

Separately, Citigroup cut shares of Cathay Pacific Airways from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce”.

View Our Latest Analysis on Cathay Pacific Airways

Cathay Pacific Airways Trading Up 3.6%

The business has a 50-day simple moving average of $8.01 and a 200-day simple moving average of $7.43.

Cathay Pacific Airways Company Profile

(Get Free Report)

Cathay Pacific Airways Limited (OTCMKTS:CPCAY) is the flag carrier of Hong Kong, operating a comprehensive network of scheduled passenger and cargo services across Asia, Europe, North America and Australasia. The airline’s fleet consists primarily of wide-body aircraft, including Airbus A330, A350 and Boeing 777 models, which are deployed on routes connecting Hong Kong International Airport to more than 80 destinations worldwide. Cathay Pacific is a founding member of the oneworld alliance, enabling seamless travel and loyalty benefits through partnerships with other leading global carriers.

Established in 1946 by American entrepreneur Roy C.

Further Reading

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