Cathay Pacific Airways (OTCMKTS:CPCAY) Shares Gap Down - Time to Sell?

Key Points

• Cathay Pacific Airways shares gapped down significantly, opening at $7.15 after a previous close of $7.68, indicating a notable decline in the stock's value.
• Analysts from HSBC Global Research upgraded the stock rating from "moderate sell" to "hold," suggesting a more cautious outlook for potential investors.
• The company's financial metrics reveal a current ratio of 0.38 and a debt-to-equity ratio of 1.08, indicating some financial strain that investors should consider.

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY - Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $7.68, but opened at $7.15. Cathay Pacific Airways shares last traded at $7.15, with a volume of 197 shares trading hands.

Wall Street Analysts Forecast Growth

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

Cathay Pacific Airways Trading Down 8.4%

The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 1.08. The firm's 50 day moving average is $7.03 and its two-hundred day moving average is $6.60.

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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