Air Canada (OTCMKTS:ACDVF) Shares Gap Down - Time to Sell?

Air Canada (OTCMKTS:ACDVF - Get Free Report)'s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $15.87, but opened at $15.01. Air Canada shares last traded at $15.93, with a volume of 6,362 shares trading hands.

Analyst Ratings Changes

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

Air Canada Price Performance

The stock has a market cap of $5.17 billion, a P/E ratio of 5.12 and a beta of 1.93. The company has a debt-to-equity ratio of 5.38, a quick ratio of 0.67 and a current ratio of 0.70. The firm has a 50-day moving average price of $14.72 and a 200-day moving average price of $12.73.

Air Canada (OTCMKTS:ACDVF - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.31) EPS for the quarter, beating the consensus estimate of ($0.38) by $0.07. The business had revenue of $3.61 billion during the quarter, compared to analyst estimates of $5.35 billion. Air Canada had a return on equity of 60.31% and a net margin of 7.88%. On average, analysts forecast that Air Canada will post 1.66 earnings per share for the current fiscal year.

Air Canada Company Profile

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.