ANA (OTCMKTS:ALNPY) Shares Gap Down – Here’s What Happened

Shares of ANA Holdings Inc. (OTCMKTS:ALNPY) gapped down before the market opened on Wednesday . The stock had previously closed at $3.91, but opened at $3.7290. ANA shares last traded at $3.7290, with a volume of 244 shares.

Wall Street Analyst Weigh In

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

ANA Price Performance

The company’s fifty day moving average is $3.75 and its two-hundred day moving average is $3.79. The firm has a market capitalization of $9.30 billion, a price-to-earnings ratio of 9.73 and a beta of 0.46. The company has a quick ratio of 1.46, a current ratio of 1.54 and a debt-to-equity ratio of 0.65.

ANA (OTCMKTS:ALNPY) last released its earnings results on Wednesday, July 29th. The transportation company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The firm had revenue of $4.10 billion during the quarter, compared to analyst estimates of $3.98 billion. ANA had a net margin of 6.27% and a return on equity of 12.15%. Equities research analysts anticipate that ANA Holdings Inc. will post 0.26 earnings per share for the current fiscal year.

About ANA

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.