Cathay Pacific Airways (OTCMKTS:CPCAY) Sees Unusually-High Trading Volume – Still a Buy?

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY) shares saw strong trading volume on Monday . 10,011 shares traded hands during mid-day trading, an increase of 135% from the previous session’s volume of 4,266 shares.The stock last traded at $7.56 and had previously closed at $7.30.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CPCAY shares. Citigroup lowered Cathay Pacific Airways from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. Zacks Research upgraded shares of Cathay Pacific Airways from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Cathay Pacific Airways Price Performance

The firm has a 50-day moving average of $8.04 and a 200-day moving average of $7.69.

About Cathay Pacific Airways

Cathay Pacific Airways Limited (OTCMKTS:CPCAY) is the flag carrier of Hong Kong, operating a comprehensive network of scheduled passenger and cargo services across Asia, Europe, North America and Australasia. The airline’s fleet consists primarily of wide-body aircraft, including Airbus A330, A350 and Boeing 777 models, which are deployed on routes connecting Hong Kong International Airport to more than 80 destinations worldwide. Cathay Pacific is a founding member of the oneworld alliance, enabling seamless travel and loyalty benefits through partnerships with other leading global carriers.

Established in 1946 by American entrepreneur Roy C.