ANA (OTCMKTS:ALNPY) Sees Strong Trading Volume Following Better-Than-Expected Earnings

ANA Holdings Inc. (OTCMKTS:ALNPY) saw strong trading volume on Thursday following a stronger than expected earnings report. Approximately 15,100 shares traded hands during mid-day trading, an increase of 166% from the average daily volume of 5,672 shares. The stock last traded at $3.81 and had previously closed at $3.83.

The transportation company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. ANA had a net margin of 6.27% and a return on equity of 12.24%.

Analyst Upgrades and Downgrades

Separately, Nomura raised shares of ANA from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

ANA Price Performance

The company’s 50 day moving average price is $3.89 and its 200-day moving average price is $3.82. The company has a market cap of $8.88 billion, a price-to-earnings ratio of 9.29 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.

ANA Company Profile

ANA Holdings, Inc is a Japanese transportation and travel-services group best known for All Nippon Airways (ANA), one of Japan’s largest airlines. Through its airline businesses, the group provides scheduled passenger and cargo transportation, as well as related services such as airport operations, aircraft maintenance and travel arrangements.

ANA operates an extensive domestic network in Japan and serves international destinations across Asia, North America, Europe and other regions. The group also includes aviation businesses serving different customer segments, including Peach Aviation, a low-cost carrier, and AirJapan, an international airline brand.