Cathay Pacific Airways (OTCMKTS:CPCAY) Share Price Crosses Below 200-Day Moving Average - Time to Sell?

Key Points

• Cathay Pacific shares fell below its 200-day moving average, trading as low as $7.4950 and last at $7.60 on light volume (2,130 shares); the 200-day MA is $7.73.
• Analysts are split: Citigroup downgraded the stock to a strong sell while Zacks upgraded it to a strong buy, leaving a MarketBeat consensus rating of Hold.
• The 50-day MA is $7.99 (above the 200-day MA of $7.73), but the current price sits below both averages, signaling recent near-term weakness.

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.73 and traded as low as $7.4950. Cathay Pacific Airways shares last traded at $7.60, with a volume of 2,130 shares.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CPCAY. Citigroup cut Cathay Pacific Airways from a "hold" rating to a "strong sell" rating in a research report on Monday, January 26th. Zacks Research raised Cathay Pacific Airways from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Cathay Pacific Airways currently has a consensus rating of "Hold".

Cathay Pacific Airways Price Performance

The firm has a 50-day simple moving average of $7.99 and a 200-day simple moving average of $7.73.

Cathay Pacific Airways Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.