Air Canada (OTCMKTS:ACDVF) Shares Pass Below 50-Day Moving Average of $13.97

Shares of Air Canada (OTCMKTS:ACDVF) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $13.97 and traded as low as $13.39. Air Canada shares last traded at $13.39, with a volume of 28,206 shares.

Air Canada Stock Down 0.7 %

The business’s 50 day simple moving average is $13.97 and its 200-day simple moving average is $13.61. The company has a debt-to-equity ratio of 16.33, a quick ratio of 0.99 and a current ratio of 1.03. The company has a market cap of $4.80 billion, a price-to-earnings ratio of 3.20 and a beta of 1.91.

Air Canada (OTCMKTS:ACDVF) last issued its earnings results on Thursday, May 2nd. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.22). Air Canada had a return on equity of 711.50% and a net margin of 9.92%. The firm had revenue of $3.88 billion during the quarter. Sell-side analysts expect that Air Canada will post 2.58 earnings per share for the current year.

Air Canada Company Profile

Air Canada provides domestic, U.S. transborder, and international airline services. The company provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.