Air China (OTCMKTS:AIRYY) Shares Gap Down – Here’s Why

Shares of Air China Ltd. (OTCMKTS:AIRYY) gapped down before the market opened on Friday . The stock had previously closed at $10.15, but opened at $9.69. Air China shares last traded at $9.69, with a volume of 1,543 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Air China to a “hold” rating in a research note on Friday, August 7th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Air China has an average rating of “Hold”.

Air China Stock Down 2.0%

The firm has a market capitalization of $8.45 billion, a price-to-earnings ratio of 30.28 and a beta of 0.13. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 4.13. The company’s 50 day moving average price is $10.30 and its 200 day moving average price is $11.95.

Air China Company Profile

Air China Limited is a China-based airline and the country’s national flag carrier. Headquartered in Beijing, the company provides scheduled passenger and air cargo transportation services, along with aircraft maintenance, airport services and other aviation-related activities.

Founded in 1988, Air China operates an extensive network linking major cities in mainland China with destinations across Asia, Europe, North America, Oceania and other international markets. Its services include domestic and international flights, connecting passengers through key hubs such as Beijing, Chengdu and Shanghai.

Air China is part of China National Aviation Holding Corporation and has interests in or relationships with several aviation businesses, including Shenzhen Airlines and Air Macau.