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

Shares of ANA Holdings Inc. (OTCMKTS:ALNPY) gapped down prior to trading on Wednesday . The stock had previously closed at $3.90, but opened at $3.70. ANA shares last traded at $3.70, with a volume of 512 shares traded.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Nomura upgraded shares of 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 note on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

ANA Stock Performance

The company has a market cap of $9.19 billion, a P/E ratio of 8.95 and a beta of 0.47. The company’s 50-day moving average is $3.63 and its two-hundred day moving average is $3.81. The company has a quick ratio of 1.51, a current ratio of 1.59 and a debt-to-equity ratio of 0.69.

ANA (OTCMKTS:ALNPY) last announced its quarterly earnings data on Thursday, April 30th. The transportation company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.07 by $0.02. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.06 billion. ANA had a net margin of 6.65% and a return on equity of 13.79%. Equities analysts predict that ANA Holdings Inc. will post 0.26 EPS for the current 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.