Air China (OTCMKTS:AIRYY) Shares Gap Up - What's Next?

Key Points

• Air China Ltd. saw its stock price increase by 7.2%, opening at $13.45 after closing at $12.55, with a trading volume of 500 shares.
• The company reported a net revenue of $5.63 billion for the quarter ending September 19th, with earnings per share of $0.03 and projections for the current year set at $0.11 EPS.
• Air China's debt-to-equity ratio stands at 3.91, indicating significant leverage, while its current ratio is just 0.32, suggesting potential liquidity concerns.

Air China Ltd. (OTCMKTS:AIRYY - Get Free Report)'s stock price gapped up before the market opened on Friday . The stock had previously closed at $12.55, but opened at $13.45. Air China shares last traded at $13.45, with a volume of 500 shares.

Air China Stock Up 7.2%

The firm's 50-day simple moving average is $13.51 and its 200 day simple moving average is $13.17. The company has a debt-to-equity ratio of 3.91, a quick ratio of 0.29 and a current ratio of 0.32. The stock has a market capitalization of $11.16 billion, a P/E ratio of 96.08 and a beta of 0.14.

Air China (OTCMKTS:AIRYY - Get Free Report) last issued its quarterly earnings results on Friday, September 19th. The transportation company reported $0.03 EPS for the quarter. Air China had a net margin of 0.47% and a return on equity of 2.01%. The firm had revenue of $5.63 billion for the quarter. As a group, research analysts expect that Air China Ltd. will post 0.11 EPS for the current 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.

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