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

Key Points

• Cathay Pacific Airways saw an increase in trading volume with approximately 4,913 shares traded, marking a 3% rise from the previous session.
• The company announced a dividend of $0.1074, which will be paid on October 20th, representing a substantial dividend yield of 573.0%.
• The stock is currently down 1.9%, with a last traded price of $6.66 compared to a previous close of $6.78.

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY - ) shares saw unusually-high trading volume on Tuesday . Approximately 4,913 shares changed hands during trading, an increase of 3% from the previous session's volume of 4,761 shares.The stock last traded at $6.66 and had previously closed at $6.78.

Cathay Pacific Airways Stock Down 1.9%

The company has a 50-day moving average price of $7.10 and a 200-day moving average price of $6.65. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 1.08.

Cathay Pacific Airways Dividend Announcement

The company also recently announced a dividend, which will be paid on Monday, October 20th. Stockholders of record on Friday, September 5th will be issued a $0.1074 dividend. This represents a dividend yield of 573.0%. The ex-dividend date of this dividend is Thursday, September 4th.

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.

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