ANA (OTCMKTS:ALNPY) Shares Gap Down – Here’s Why

ANA Holdings Inc. (OTCMKTS:ALNPY)’s share price gapped down prior to trading on Wednesday. The stock had previously closed at $3.83, but opened at $3.61. ANA shares last traded at $3.72, with a volume of 496 shares traded.

Analyst Upgrades and Downgrades

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

ANA Trading Down 2.9%

The business has a 50 day moving average of $3.91 and a 200-day moving average of $3.77. The stock has a market cap of $8.67 billion, a PE ratio of 9.07 and a beta of 0.50. The company has a current ratio of 1.48, a quick ratio of 1.40 and a debt-to-equity ratio of 0.73.

ANA (OTCMKTS:ALNPY) last released its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. ANA had a return on equity of 12.24% and a net margin of 6.27%. The company had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $3.98 billion. On average, analysts anticipate that ANA Holdings Inc. will post 0.29 EPS for the current year.

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.