Air China (OTCMKTS:AIRYY) Stock Price Down 8.6% – Here’s Why

Shares of Air China Ltd. (OTCMKTS:AIRYY) were down 8.6% during mid-day trading on Friday. The stock traded as low as $9.51 and last traded at $9.51. 138 shares traded hands during trading, a decline of 84% from the average daily volume of 856 shares. The stock had previously closed at $10.40.

Analysts Set New Price Targets

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

Air China Stock Performance

The firm has a 50 day simple moving average of $9.95 and a two-hundred day simple moving average of $10.92. The stock has a market cap of $8.30 billion, a P/E ratio of -24.38 and a beta of 0.13.

Air China Company Profile

Air China Limited is the flag carrier of the People’s Republic of China and is headquartered in Beijing. Established in 1988, the company provides scheduled passenger air transportation, air cargo and mail services, and related aviation services. Its operations serve major cities throughout mainland China and connect the country with destinations across Asia, Europe, North America, Oceania, and other international markets.

The company operates under the Air China brand and offers domestic, regional, and long-haul international flights.