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

Key Points

• Shares of Cathay Pacific saw unusually strong volume—10,618 shares traded, up 127% from the prior session—with the stock last trading at $7.76 (prior close $7.57).
• Analyst opinions are mixed: Citigroup downgraded the stock to "strong sell" while Zacks upgraded it to "strong-buy"; overall there is one Strong Buy, one Hold and one Sell, giving an average rating of "Hold".
• The stock's technicals show a 50-day moving average of $7.97 and a 200-day moving average of $7.73, indicating its recent price relative to the longer-term trend.

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY - Get Free Report) shares saw unusually-strong trading volume on Wednesday . Approximately 10,618 shares changed hands during trading, an increase of 127% from the previous session's volume of 4,668 shares.The stock last traded at $7.76 and had previously closed at $7.57.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Citigroup lowered shares of Cathay Pacific Airways from a "hold" rating to a "strong sell" rating in a report on Monday, January 26th. Zacks Research upgraded shares of Cathay Pacific Airways from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold".

Cathay Pacific Airways Trading Up 2.5%

The stock's fifty day moving average price is $7.97 and its 200-day moving average price is $7.73.

About Cathay Pacific Airways

Cathay Pacific Airways Limited OTCMKTS: CPCAY is the flag carrier of Hong Kong, operating a comprehensive network of scheduled passenger and cargo services across Asia, Europe, North America and Australasia. The airline's fleet consists primarily of wide-body aircraft, including Airbus A330, A350 and Boeing 777 models, which are deployed on routes connecting Hong Kong International Airport to more than 80 destinations worldwide. Cathay Pacific is a founding member of the oneworld alliance, enabling seamless travel and loyalty benefits through partnerships with other leading global carriers.

Established in 1946 by American entrepreneur Roy C.

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