Air China (OTCMKTS:AIRYY) Sees Strong Trading Volume - What's Next?

Key Points

• Air China shares experienced a 53% increase in trading volume, with 1,119 shares traded, but saw a drop in price from $13.83 to $13.51.
• The company has a market cap of $11.21 billion and a negative PE ratio of -193.00, indicating potential financial struggles.
• Air China provides air passenger and cargo services not only in Mainland China but also internationally, with operations divided into Airline Operations and Other Operations segments.

Air China Ltd. (OTCMKTS:AIRYY - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 1,119 shares traded hands during trading, an increase of 53% from the previous session's volume of 733 shares.The stock last traded at $13.51 and had previously closed at $13.83.

Air China Stock Performance

The firm has a fifty day simple moving average of $14.01 and a 200-day simple moving average of $13.03. The company has a current ratio of 0.32, a quick ratio of 0.29 and a debt-to-equity ratio of 3.91. The stock has a market cap of $11.21 billion, a price-to-earnings ratio of -193.00 and a beta of 0.18.

About Air China

Air China Limited, together with its subsidiaries, provides air passenger, air cargo, and airline-related services in Mainland China, Hong Kong, Macau, Taiwan, China, and internationally. The company operates in Airline Operations and Other Operations segments. It provides aircraft engineering and airport ground handling services.