Air China (OTCMKTS:AIRYY) Reaches New 12-Month Low – Here’s Why

Air China Ltd. (OTCMKTS:AIRYY) shares hit a new 52-week low during trading on Monday . The stock traded as low as $10.08 and last traded at $10.08, with a volume of 534 shares changing hands. The stock had previously closed at $10.36.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Air China to a “hold” rating in a research note on Friday, August 7th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

Air China Price Performance

The firm has a market capitalization of $8.86 billion, a PE ratio of 31.72 and a beta of 0.13. The firm’s fifty day moving average price is $10.38 and its 200 day moving average price is $12.40. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 4.13.

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.