Air China (OTCMKTS:AIRYY) Share Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Air China's stock price has moved above its two hundred day moving average, indicating potential bullish momentum, closing at $13.40 after hitting a high of $13.40 during trading.
• The company reported a negative earnings per share of ($0.33) during its last earnings announcement, with revenue reaching $5.50 billion, and analysts project a modest earnings per share of 0.11 for the current year.
• Air China holds a significant debt-to-equity ratio of 3.91 and low liquidity ratios, indicating financial stress that could impact its operations going forward.

Air China Ltd. (OTCMKTS:AIRYY - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.89 and traded as high as $13.40. Air China shares last traded at $13.40, with a volume of 602 shares traded.

Air China Stock Performance

The company has a market cap of $11.12 billion, a P/E ratio of -191.43 and a beta of 0.18. 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 business has a 50 day moving average price of $14.00 and a 200-day moving average price of $12.90.

Air China (OTCMKTS:AIRYY - Get Free Report) last issued its earnings results on Wednesday, April 30th. The transportation company reported ($0.33) earnings per share (EPS) for the quarter. Air China had a negative net margin of 0.33% and a negative return on equity of 1.41%. The firm had revenue of $5.50 billion during the quarter. Analysts forecast that Air China Ltd. will post 0.11 earnings per share for the current fiscal year.

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.