ANA (OTCMKTS:ALNPY) Stock Price Down 7.9% – Here’s Why

Shares of ANA Holdings Inc. (OTCMKTS:ALNPY) dropped 7.9% during mid-day trading on Wednesday. The stock traded as low as $3.6840 and last traded at $3.6840. Approximately 386 shares traded hands during trading, a decline of 93% from the average session volume of 5,860 shares. The stock had previously closed at $4.00.

Analyst Ratings Changes

Separately, Nomura upgraded ANA from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 2nd. One equities research 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 Down 0.5%

The company has a market capitalization of $8.60 billion, a PE ratio of 9.00 and a beta of 0.50. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.40 and a current ratio of 1.48. The stock’s 50 day moving average is $3.94 and its 200 day moving average is $3.77.

ANA (OTCMKTS:ALNPY) last released its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. ANA had a net margin of 6.27% and a return on equity of 12.24%. The business had revenue of $4.10 billion during the quarter, compared to analyst estimates of $3.98 billion. On average, sell-side analysts anticipate that ANA Holdings Inc. will post 0.29 EPS for the current fiscal year.

About ANA

ANA Holdings Inc is a Japanese aviation group best known for operating All Nippon Airways (ANA), one of Japan’s largest airlines. Through its airline businesses, the group provides scheduled passenger and cargo transportation on domestic and international routes, connecting Japan with destinations across Asia, North America, Europe and other regions.

The group’s businesses also include Air Japan, an international airline serving select leisure and business markets, and Peach Aviation, a low-cost carrier focused primarily on domestic and short-haul international travel.