Air Canada (OTCMKTS:ACDVF) Shares Gap Down - Should You Sell?

Air Canada (OTCMKTS:ACDVF - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $15.47, but opened at $13.88. Air Canada shares last traded at $13.88, with a volume of 328 shares traded.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Jefferies Financial Group cut shares of Air Canada to an "underperform" rating in a research note on Tuesday, April 1st. Royal Bank Of Canada upgraded Air Canada from a "hold" rating to a "moderate buy" rating in a research report on Monday, May 12th.

Air Canada Stock Up 2.5%

The company has a current ratio of 0.70, a quick ratio of 0.67 and a debt-to-equity ratio of 5.38. The firm has a market capitalization of $5.21 billion, a P/E ratio of 5.15 and a beta of 1.93. The company has a 50 day simple moving average of $13.25 and a two-hundred day simple moving average of $12.66.

Air Canada (OTCMKTS:ACDVF - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported ($0.31) EPS for the quarter, topping the consensus estimate of ($0.38) by $0.07. Air Canada had a net margin of 7.88% and a return on equity of 60.31%. The firm had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $5.35 billion. On average, equities analysts predict that Air Canada will post 1.66 EPS for the current fiscal year.

About Air Canada

Air Canada provides domestic, U.S. transborder, and international airline services. The company provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.