Air France-KLM (OTCMKTS:AFLYY) Sees Unusually-High Trading Volume – Time to Buy?

Air France-KLM SA (OTCMKTS:AFLYY) saw strong trading volume on Monday . 266,843 shares were traded during trading, an increase of 111% from the previous session’s volume of 126,191 shares.The stock last traded at $1.11 and had previously closed at $1.12.

Wall Street Analysts Forecast Growth

AFLYY has been the subject of several research analyst reports. Citigroup restated a “neutral” rating on shares of Air France-KLM in a research report on Thursday, October 23rd. Barclays raised Air France-KLM from an “underweight” rating to an “equal weight” rating in a report on Monday, August 4th. Finally, Morgan Stanley started coverage on Air France-KLM in a research note on Wednesday, October 15th. They issued an “equal weight” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Air France-KLM currently has a consensus rating of “Hold”.

Air France-KLM Stock Down 6.3%

The firm has a market capitalization of $2.76 billion, a PE ratio of 2.50, a price-to-earnings-growth ratio of 0.12 and a beta of 1.85. The company has a quick ratio of 0.55, a current ratio of 0.60 and a debt-to-equity ratio of 8.69. The business has a 50-day moving average price of $1.42 and a 200-day moving average price of $1.27.

Air France-KLM (OTCMKTS:AFLYY) last posted its quarterly earnings results on Thursday, November 6th. The transportation company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.09). Air France-KLM had a return on equity of 116.09% and a net margin of 3.30%.The company had revenue of $10.63 billion for the quarter, compared to analysts’ expectations of $10.92 billion. Equities research analysts forecast that Air France-KLM SA will post 0.21 earnings per share for the current fiscal year.

Air France-KLM Company Profile

Air France-KLM SA, together with its subsidiaries, provides passenger and cargo transportation services and aeronautical maintenance in Metropolitan France, Benelux, rest of Europe, and internationally. The company operates through three segments: Airframe maintenance, Engine Maintenance, and Component Support.