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Air China (OTCMKTS:AIRYY) Shares Gap Down - Here's Why

Air China logo with Transportation background

Key Points

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Air China Ltd. (OTCMKTS:AIRYY - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $14.99, but opened at $13.40. Air China shares last traded at $13.40, with a volume of 600 shares traded.

Air China Price Performance

The firm has a fifty day moving average of $14.00 and a 200 day moving average of $12.89. The company has a market capitalization 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.

Air China (OTCMKTS:AIRYY - Get Free Report) last released its quarterly 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 for the quarter. On average, equities research analysts anticipate that Air China Ltd. will post 0.11 EPS for the current year.

About Air China

(Get Free Report)

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.

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