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Cathay Pacific Airways (OTCMKTS:CPCAY) Trading Down 3.6% - Here's What Happened

Cathay Pacific Airways logo with Transportation background

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY - Get Free Report)'s share price dropped 3.6% during mid-day trading on Friday . The company traded as low as $7.28 and last traded at $7.28. Approximately 102 shares traded hands during trading, a decline of 98% from the average daily volume of 5,402 shares. The stock had previously closed at $7.55.

Analyst Ratings Changes

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

Read Our Latest Research Report on CPCAY

Cathay Pacific Airways Trading Down 3.6%

The stock's 50-day moving average price is $6.76 and its two-hundred day moving average price is $6.50. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.38 and a quick ratio of 0.38.

About Cathay Pacific Airways

(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.

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