ANA (OTCMKTS:ALNPY) Shares Gap Down – Time to Sell?

ANA Holdings Inc. (OTCMKTS:ALNPY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $3.91, but opened at $3.7290. ANA shares last traded at $3.7290, with a volume of 244 shares trading hands.

Analysts Set New Price Targets

ALNPY has been the subject of a number of research analyst reports. Nomura raised ANA from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 2nd. Zacks Research raised ANA to a “hold” rating in a report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

ANA Price Performance

The business’s 50 day moving average price is $3.73 and its 200 day moving average price is $3.80. The stock has a market capitalization of $8.69 billion, a P/E ratio of 9.10 and a beta of 0.46. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.54 and a quick ratio of 1.46.

ANA (OTCMKTS:ALNPY) last issued its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. ANA had a net margin of 6.27% and a return on equity of 12.15%. The company had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $3.98 billion. Sell-side analysts forecast that ANA Holdings Inc. will post 0.26 EPS for the current year.

About ANA

All Nippon Airways Co, Ltd. (OTCMKTS: ALNPY) is a Tokyo-based airline offering passenger and cargo air transportation services. Founded in 1952, the company operates scheduled flights under its ANA brand, providing a network of domestic and international routes. In addition to core flight operations, ANA delivers ancillary services including in-flight catering, ground handling and aircraft maintenance.

ANA’s diversified business model encompasses several subsidiaries such as ANA Wings and Air Japan for regional operations, and ANA Cargo for freight services.