Air China (OTCMKTS:AIRYY) Shares Gap Up - Here's What Happened

Key Points

• Air China shares have gapped up, opening at $14.99 after a previous close of $13.65, reflecting a volatility increase with only 287 shares traded.
• The company reported a negative earnings per share of ($0.33) for the last quarter, along with a revenue of $5.50 billion.
• Air China has a high debt-to-equity ratio of 3.91 and a very low current and quick ratio, indicating potential financial instability.
• The stock has experienced a 9.8% increase, and analysts forecast a future EPS of 0.11 for the current year.

Air China Ltd. (OTCMKTS:AIRYY - Get Free Report)'s share price gapped up before the market opened on Friday . The stock had previously closed at $13.65, but opened at $14.99. Air China shares last traded at $14.99, with a volume of 287 shares changing hands.

Air China Stock Performance

The company has a market cap of $12.44 billion, a PE ratio of -214.14 and a beta of 0.19. The company has a debt-to-equity ratio of 3.91, a current ratio of 0.32 and a quick ratio of 0.29. The business has a 50-day moving average of $13.89 and a 200 day moving average of $12.85.

Air China (OTCMKTS:AIRYY - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $5.50 billion for the quarter. Equities research analysts anticipate that Air China Ltd. will post 0.11 EPS for the current fiscal year.

Air China Company Profile

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.