Air China (OTCMKTS:AIRYY) Sets New 12-Month Low – What’s Next?

Air China Ltd. (OTCMKTS:AIRYY) reached a new 52-week low on Friday . The stock traded as low as $11.55 and last traded at $11.55, with a volume of 204 shares. The stock had previously closed at $12.20.

Analysts Set New Price Targets

Separately, Zacks Research cut Air China from a “hold” rating to a “strong sell” rating in a report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Air China Stock Performance

The firm has a fifty day simple moving average of $12.22 and a 200 day simple moving average of $15.46. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 4.13. The stock has a market cap of $10.07 billion, a price-to-earnings ratio of 36.06 and a beta of 0.09.

Air China (OTCMKTS:AIRYY) last posted its quarterly earnings results on Wednesday, April 29th. The transportation company reported $0.29 EPS for the quarter, beating the consensus estimate of ($0.73) by $1.02. The firm had revenue of $6.43 billion during the quarter, compared to analysts’ expectations of $2.39 billion. Air China had a return on equity of 5.01% and a net margin of 1.12%.

About Air China

Air China Limited, trading on the OTCMKTS as AIRYY, is the flag carrier of the People’s Republic of China and one of the country’s major state-owned airlines. Established in 1988 following the restructuring of the Civil Aviation Administration of China (CAAC), Air China offers a broad range of air transportation services for passengers and cargo. Its core operations include scheduled domestic flights, international and regional routes, as well as charter services.

The airline operates a diverse fleet of Airbus and Boeing aircraft, serving more than 200 destinations across six continents.