Air Canada (OTCMKTS:ACDVF) Stock Price Crosses Below 50-Day Moving Average - Here's What Happened

Key Points

• Air Canada's share price fell below its fifty-day moving average of $14.80, reaching a low of $13.69 during recent trading sessions.
• Analysts currently have a mixed outlook on the stock, with ratings ranging from Strong Buy to Sell and an average rating of "Moderate Buy".
• Air Canada reported $0.43 EPS for the last quarter, missing estimates of $0.50, and had a revenue of $4.14 billion, falling short of the expected $5.55 billion.

Air Canada (OTCMKTS:ACDVF - Get Free Report)'s stock price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $14.80 and traded as low as $13.69. Air Canada shares last traded at $13.70, with a volume of 241,433 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Zacks Research raised Air Canada to a "hold" rating in a research note on Tuesday, August 12th. Scotiabank reiterated an "outperform" rating on shares of Air Canada in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy".

Air Canada Stock Down 0.1%

The company has a quick ratio of 0.67, a current ratio of 0.70 and a debt-to-equity ratio of 5.38. The company's fifty day simple moving average is $14.65 and its 200 day simple moving average is $12.90. The firm has a market capitalization of $4.00 billion, a PE ratio of 4.92 and a beta of 1.95.

Air Canada (OTCMKTS:ACDVF - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.07). Air Canada had a return on equity of 45.69% and a net margin of 6.83%.The company had revenue of $4.14 billion during the quarter, compared to analysts' expectations of $5.55 billion. Analysts anticipate that Air Canada will post 1.66 earnings per share 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.