Cathay Pacific Airways (OTCMKTS:CPCAY) Shares Pass Below 200-Day Moving Average - Time to Sell?

Key Points

• Cathay Pacific Airways' stock fell below its 200-day moving average of $6.65, closing at $6.71 with a trading volume of 6,310 shares.
• The company announced a dividend of $0.1074 per share, which will be paid on October 20th, representing a notable yield of 573.0%.
• Cathay Pacific Airways has a debt-to-equity ratio of 1.08 and both current and quick ratios at 0.38, indicating financial leverage and liquidity positioning.

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY - Get Free Report)'s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.65 and traded as low as $6.65. Cathay Pacific Airways shares last traded at $6.71, with a volume of 6,310 shares changing hands.

Cathay Pacific Airways Stock Performance

The business has a 50-day simple moving average of $7.05 and a two-hundred day simple moving average of $6.65. 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 firm also recently announced a dividend, which will be paid on Monday, October 20th. Shareholders of record on Friday, September 5th will be paid a dividend of $0.1074 per share. The ex-dividend date is Thursday, September 4th. This represents a yield of 573.0%.

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.