ANA (OTCMKTS:ALNPY) Shares Gap Down - Here's Why

Key Points

• Shares gapped down, opening at $3.46 after a $3.74 close, a move attributed in part to a Nomura downgrade from "strong-buy" to "hold" and an overall analyst consensus of "Hold."
• Fundamentals beat expectations: ANA reported $0.09 EPS vs. $0.07 est. and $4.15B revenue vs. $4.06B est., while trading at a P/E of 8.06 with a market cap of $8.27B and moderate leverage (debt/equity 0.69).

ANA Holdings Inc. (OTCMKTS:ALNPY - Get Free Report)'s share price gapped down before the market opened on Wednesday . The stock had previously closed at $3.74, but opened at $3.46. ANA shares last traded at $3.46, with a volume of 2,342 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on ALNPY shares. Nomura cut ANA from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 15th. Smbc Nikko Sec. upgraded shares of ANA to a "hold" rating in a research note on Friday, February 27th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, ANA presently has an average rating of "Hold".

ANA Price Performance

The company has a current ratio of 1.59, a quick ratio of 1.51 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $8.27 billion, a PE ratio of 8.06 and a beta of 0.46. The firm has a 50 day moving average price of $3.81 and a 200 day moving average price of $3.87.

ANA (OTCMKTS:ALNPY - Get Free Report) last released its earnings results on Thursday, April 30th. The transportation company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.02. ANA had a return on equity of 13.79% and a net margin of 6.65%.The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.06 billion.

ANA Company Profile

All Nippon Airways Co, Ltd. OTCMKTS: ALNPY is a Tokyo-based airline offering passenger and cargo air transportation services. Founded in 1952, the company operates scheduled flights under its ANA brand, providing a network of domestic and international routes. In addition to core flight operations, ANA delivers ancillary services including in-flight catering, ground handling and aircraft maintenance.

ANA’s diversified business model encompasses several subsidiaries such as ANA Wings and Air Japan for regional operations, and ANA Cargo for freight services.

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