Air China (OTCMKTS:AIRYY) Shares Gap Down – Should You Sell?

Air China Ltd. (OTCMKTS:AIRYY) gapped down prior to trading on Monday . The stock had previously closed at $11.54, but opened at $10.4004. Air China shares last traded at $10.4004, with a volume of 503 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of Air China from a “hold” rating to a “strong sell” rating in a research note on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Air China Price Performance

The company’s fifty day moving average is $11.11 and its 200 day moving average is $14.12. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 4.13. The stock has a market cap of $9.07 billion, a PE ratio of 32.50 and a beta of 0.09.

Air China (OTCMKTS:AIRYY) last announced its quarterly earnings results on Wednesday, April 29th. The transportation company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.73) by $1.02. Air China had a net margin of 1.12% and a return on equity of 5.01%. The firm had revenue of $6.43 billion during the quarter, compared to analysts’ expectations of $2.39 billion.

About Air China

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.