Air China (OTCMKTS:AIRYY) Sees Strong Trading Volume - Should You Buy?

Key Points

• Shares experienced a 225% jump in volume to 1,197 shares and last traded at $12.20, which is below the 50‑day and 200‑day moving averages of $14.22 and $15.97 respectively.
• Zacks cut its rating from "hold" to "strong sell", and MarketBeat data shows a consensus rating of "Sell" on the stock.
• Air China reported an unexpected quarterly beat (EPS $0.29 vs. consensus −$0.73 and revenue $6.43B vs. $2.39B expected) but still shows weak liquidity (quick ratio 0.26, current ratio 0.30) and a high debt‑to‑equity of 4.13.

Air China Ltd. (OTCMKTS:AIRYY - Get Free Report) shares saw an uptick in trading volume on Monday . 1,197 shares traded hands during trading, an increase of 225% from the previous session's volume of 368 shares.The stock last traded at $12.20 and had previously closed at $12.20.

Analyst Ratings Changes

Separately, Zacks Research lowered shares of Air China from a "hold" rating to a "strong sell" rating in a report on Friday, March 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Air China presently has a consensus rating of "Sell".

Air China Price Performance

The firm has a market capitalization of $10.64 billion, a P/E ratio of 38.13 and a beta of 0.09. The company has a debt-to-equity ratio of 4.13, a quick ratio of 0.26 and a current ratio of 0.30. The firm's 50-day moving average is $14.22 and its 200 day moving average is $15.97.

Air China (OTCMKTS:AIRYY - Get Free Report) last released its earnings results on Wednesday, April 29th. The transportation company reported $0.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.73) by $1.02. Air China had a return on equity of 5.01% and a net margin of 1.12%.The firm had revenue of $6.43 billion during the quarter, compared to analysts' expectations of $2.39 billion.

Air China Company Profile

Air China Limited, trading on the OTCMKTS as AIRYY, is the flag carrier of the People's Republic of China and one of the country's major state-owned airlines. Established in 1988 following the restructuring of the Civil Aviation Administration of China (CAAC), Air China offers a broad range of air transportation services for passengers and cargo. Its core operations include scheduled domestic flights, international and regional routes, as well as charter services.

The airline operates a diverse fleet of Airbus and Boeing aircraft, serving more than 200 destinations across six continents.

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