Cathay Pacific Airways (OTCMKTS:CPCAY) Shares Gap Up – Time to Buy?

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY) gapped up prior to trading on Thursday . The stock had previously closed at $8.35, but opened at $8.90. Cathay Pacific Airways shares last traded at $8.90, with a volume of 262 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CPCAY. Zacks Research cut shares of Cathay Pacific Airways from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Citigroup upgraded shares of Cathay Pacific Airways from a “strong sell” rating to a “buy” rating in a report on Tuesday. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

Cathay Pacific Airways Price Performance

The company has a debt-to-equity ratio of 0.75, a current ratio of 0.38 and a quick ratio of 0.38. The firm has a 50-day simple moving average of $8.11 and a two-hundred day simple moving average of $8.00.

About Cathay Pacific Airways

Cathay Pacific Airways Limited (OTCMKTS:CPCAY) is the flag carrier of Hong Kong, operating a comprehensive network of scheduled passenger and cargo services across Asia, Europe, North America and Australasia. The airline’s fleet consists primarily of wide-body aircraft, including Airbus A330, A350 and Boeing 777 models, which are deployed on routes connecting Hong Kong International Airport to more than 80 destinations worldwide. Cathay Pacific is a founding member of the oneworld alliance, enabling seamless travel and loyalty benefits through partnerships with other leading global carriers.

Established in 1946 by American entrepreneur Roy C.