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

Cathay Pacific Airways logo with Transportation background

Key Points

  • Cathay Pacific Airways shares fell below their 200-day moving average of $6.60, trading as low as $6.55 before closing at $6.59 with a volume of 1,565 shares.
  • Analysts at HSBC Global Research upgraded Cathay Pacific shares from a "moderate sell" to a "hold" rating on May 7th.
  • The company's financial ratios show a debt-to-equity ratio of 1.08 and both quick and current ratios at 0.38, indicating potential liquidity concerns.
  • Looking to export and analyze Cathay Pacific Airways data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY - Get Free Report)'s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.60 and traded as low as $6.55. Cathay Pacific Airways shares last traded at $6.59, with a volume of 1,565 shares traded.

Wall Street Analysts Forecast Growth

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

View Our Latest Stock Report on CPCAY

Cathay Pacific Airways Trading Up 1.5%

The business's 50 day moving average price is $7.03 and its 200-day moving average price is $6.60. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.38 and a quick ratio of 0.38.

Cathay Pacific Airways Company Profile

(Get Free Report)

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.

Read More

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