Cathay Pacific Airways (OTCMKTS:CPCAY) Shares Gap Down - Here's What Happened

Key Points

• Cathay Pacific Airways shares gapped down before the market opened, opening at $6.64 after a previous close of $6.89, with a last traded price of $6.94.
• The company recently declared a dividend of $0.1074 per share, equating to a remarkable 573.0% dividend yield, set to be paid on October 20th.
• Cathay Pacific has a current ratio and quick ratio of 0.38, with a debt-to-equity ratio of 1.08, indicating its financial leverage and liquidity position.

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY - ) gapped down before the market opened on Wednesday . The stock had previously closed at $6.89, but opened at $6.64. Cathay Pacific Airways shares last traded at $6.94, with a volume of 1,070 shares changing hands.

Cathay Pacific Airways Stock Down 0.3%

The business's fifty day moving average price is $6.96 and its 200-day moving average price is $6.64. 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 declared a dividend, which will be paid on Monday, October 20th. Investors of record on Friday, September 5th will be given a dividend of $0.1074 per share. This represents a dividend yield of 573.0%. The ex-dividend date of this dividend is Thursday, September 4th.

About Cathay Pacific Airways

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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