ANA (OTCMKTS:ALNPY) Stock Price Down 6.9% – Here’s Why

Shares of ANA Holdings Inc. (OTCMKTS:ALNPY) dropped 6.9% on Monday . The company traded as low as $3.67 and last traded at $3.67. 217 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 6,120 shares. The stock had previously closed at $3.94.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ALNPY. Nomura upgraded ANA from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 2nd. Zacks Research raised shares of ANA to a “hold” rating in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

ANA Trading Down 4.4%

The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.46 and a current ratio of 1.54. The firm has a market cap of $8.67 billion, a price-to-earnings ratio of 8.45 and a beta of 0.47. The business has a fifty day simple moving average of $3.64 and a 200-day simple moving average of $3.81.

ANA (OTCMKTS:ALNPY) last released its quarterly earnings results on Thursday, April 30th. The transportation company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. ANA had a return on equity of 13.20% and a net margin of 6.65%.The company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.06 billion. As a group, equities analysts forecast that ANA Holdings Inc. will post 0.26 earnings per share for the current fiscal year.

ANA Company Profile

All Nippon Airways Co, Ltd. (OTCMKTS: ALNPY) is a Tokyo-based airline offering passenger and cargo air transportation services. Founded in 1952, the company operates scheduled flights under its ANA brand, providing a network of domestic and international routes. In addition to core flight operations, ANA delivers ancillary services including in-flight catering, ground handling and aircraft maintenance.

ANA’s diversified business model encompasses several subsidiaries such as ANA Wings and Air Japan for regional operations, and ANA Cargo for freight services.