Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY - Get Free Report) saw strong trading volume on Friday . 24,508 shares traded hands during mid-day trading, an increase of 331% from the previous session's volume of 5,680 shares.The stock last traded at $6.26 and had previously closed at $6.50.
Analysts Set New Price Targets
Separately, Hsbc Global Res raised Cathay Pacific Airways from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, May 7th.
Read Our Latest Stock Analysis on CPCAY
Cathay Pacific Airways Stock Down 3.7%
The business has a 50 day moving average price of $6.25 and a 200 day moving average price of $6.38.
Cathay Pacific Airways Company Profile
(
Get Free Report)
Cathay Pacific Airways Limited, together with its subsidiaries, offers international passenger and air cargo transportation services. The company conducts airline operations principally to and from Hong Kong. It also engages in the property investment and travel reward program; operates as a travel tour operator; and provision of financial, aircraft acquisition facilitation, airline catering, information processing, aircraft ramp handling, laundry and dry cleaning, ground handling, and cargo terminal services.
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