Separately, Zacks Investment Research cut shares of Cathay Pacific Airways from a hold rating to a sell rating in a research note on Thursday, September 29th.
Cathay Pacific Airways (OTCMKTS:CPCAY) opened at 6.57 on Thursday. The stock’s 50 day moving average price is $7.10 and its 200 day moving average price is $7.68. The company has a market capitalization of $5.17 billion, a price-to-earnings ratio of 9.12 and a beta of 1.10. Cathay Pacific Airways has a 12-month low of $6.49 and a 12-month high of $10.12.
Cathay Pacific Airways Company Profile
Cathay Pacific Airways Limited is a Hong Kong-based investment holding company principally engaged in airline and related businesses. The Company operates through two segments. The Airline segment is engaged in passenger transport and cargo transport. The Non-airline segment is engaged in the provision of catering, ground handling and aircraft ramp handling services, as well as cargo terminals operation.
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