Air China (OTCMKTS:AIRYY) Trading Down 8.3% – Time to Sell?

Air China Ltd. (OTCMKTS:AIRYY) fell 8.3% during mid-day trading on Tuesday . The company traded as low as $12.20 and last traded at $12.20. 204 shares traded hands during mid-day trading, a decline of 51% from the average session volume of 413 shares. The stock had previously closed at $13.30.

Analyst Ratings Changes

Separately, Zacks Research lowered Air China from a “hold” rating to a “strong sell” rating in a research report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Air China currently has a consensus rating of “Sell”.

Air China Stock Performance

The stock has a market capitalization of $10.64 billion, a PE ratio of 38.13 and a beta of 0.04. The company has a debt-to-equity ratio of 4.13, a quick ratio of 0.26 and a current ratio of 0.30. The firm’s 50 day moving average is $14.22 and its two-hundred day moving average is $15.97.

Air China (OTCMKTS:AIRYY) last issued its quarterly earnings results on Wednesday, April 29th. The transportation company reported $0.29 EPS for the quarter, beating the consensus estimate of ($0.49) by $0.78. The company had revenue of $6.43 billion during the quarter, compared to analysts’ expectations of $3.56 billion. Air China had a net margin of 1.12% and a return on equity of 5.01%.

Air China Company Profile

Air China Limited, trading on the OTCMKTS as AIRYY, is the flag carrier of the People’s Republic of China and one of the country’s major state-owned airlines. Established in 1988 following the restructuring of the Civil Aviation Administration of China (CAAC), Air China offers a broad range of air transportation services for passengers and cargo. Its core operations include scheduled domestic flights, international and regional routes, as well as charter services.

The airline operates a diverse fleet of Airbus and Boeing aircraft, serving more than 200 destinations across six continents.