Air France-KLM (OTCMKTS:AFLYY) Shares Gap Down – Time to Sell?

Air France-KLM SA (OTCMKTS:AFLYY)’s stock price gapped down before the market opened on Wednesday. The stock had previously closed at $1.1444, but opened at $1.10. Air France-KLM shares last traded at $1.12, with a volume of 6,917 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Air France-KLM in a research note on Wednesday, August 5th. Citigroup restated a “neutral” rating on shares of Air France-KLM in a research note on Monday, August 3rd. Morgan Stanley reaffirmed an “overweight” rating on shares of Air France-KLM in a report on Wednesday, July 8th. Finally, Kepler Capital Markets upgraded shares of Air France-KLM from a “reduce” rating to a “hold” rating in a research note on Tuesday, August 25th. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Air France-KLM currently has a consensus rating of “Hold”.

Air France-KLM Stock Down 2.4%

The company’s 50 day simple moving average is $1.26 and its 200-day simple moving average is $1.28. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 4.83. The firm has a market cap of $2.92 billion, a P/E ratio of 2.36 and a beta of 1.46.

Air France-KLM (OTCMKTS:AFLYY) last announced its quarterly earnings results on Thursday, July 30th. The transportation company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. Air France-KLM had a net margin of 3.35% and a return on equity of 44.05%. The firm had revenue of $10.67 billion during the quarter, compared to analyst estimates of $10.51 billion. Research analysts forecast that Air France-KLM SA will post 0.39 earnings per share for the current fiscal year.

Air France-KLM Company Profile

Air France-KLM is a global airline group formed in 2004 through the merger of Air France and KLM Royal Dutch Airlines. The group operates under the Air France and KLM brands, which retain their own identities, operating certificates and hubs. Air France is based primarily at Paris-Charles de Gaulle and Paris-Orly airports, while KLM is centered at Amsterdam Airport Schiphol.

The company provides scheduled passenger air transportation on short-, medium- and long-haul routes serving destinations across Europe, North America, Latin America, Asia, Africa and the Middle East.