Cathay Pacific Airways (OTCMKTS:CPCAY) Sees Unusually-High Trading Volume - Should You Buy?

Key Points

• Cathay Pacific Airways experienced a 63% increase in trading volume on Monday, with approximately 8,502 shares traded compared to 5,229 shares in the previous session.
• HSBC Global Research upgraded the stock from a "moderate sell" rating to a "hold" rating as of May 7th.
• The stock's current trading price is around $7.78, with a 50-day moving average of $6.90 and a two-hundred day moving average of $6.56.

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY - Get Free Report) shares saw an uptick in trading volume on Monday . 8,502 shares changed hands during trading, an increase of 63% from the previous session's volume of 5,229 shares.The stock last traded at $7.78 and had previously closed at $7.79.

Analyst Ratings Changes

Separately, Hsbc Global Res upgraded shares of Cathay Pacific Airways from a "moderate sell" rating to a "hold" rating in a report on Wednesday, May 7th.

Cathay Pacific Airways Stock Down 2.5%

The business has a 50 day simple moving average of $6.98 and a 200-day simple moving average of $6.59. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 1.08.

Cathay Pacific Airways Company Profile

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.