Air China (OTCMKTS:AIRYY) Shares Gap Up – Still a Buy?

Air China Ltd. (OTCMKTS:AIRYY)’s stock price gapped up prior to trading on Friday. The stock had previously closed at $8.8950, but opened at $9.38. Air China shares last traded at $9.38, with a volume of 196 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Air China to a “hold” rating in a research note on Friday, August 7th. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Air China Price Performance

The firm has a fifty day simple moving average of $9.69 and a 200 day simple moving average of $10.71. The company has a market capitalization of $8.18 billion, a price-to-earnings ratio of -24.05 and a beta of 0.13.

Air China Company Profile

Air China Limited is a China-based commercial airline and the country’s national flag carrier. The company provides scheduled passenger air transportation, air cargo services and related aviation services through its principal operating brands, including Air China.

Headquartered in Beijing, Air China serves destinations across mainland China and connects the country with international markets in Asia, Europe, North America, Oceania and other regions. Its operations include domestic and long-haul international flights, as well as services related to freight transportation, aircraft maintenance and airline catering.

Air China was established in 1988 and has developed into one of China’s largest airlines.