CATHAY PAC AIRW/S (OTCMKTS:CPCAY)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $7.60 and traded as low as $6.44. CATHAY PAC AIRW/S shares last traded at $6.61, with a volume of 7,272 shares changing hands.
Several brokerages have recently issued reports on CPCAY. Zacks Investment Research lowered CATHAY PAC AIRW/S from a “hold” rating to a “sell” rating in a report on Friday, September 13th. Morgan Stanley lowered CATHAY PAC AIRW/S from an “overweight” rating to an “equal weight” rating in a report on Monday, July 22nd.
The stock has a 50 day moving average of $6.66 and a two-hundred day moving average of $7.60. The firm has a market capitalization of $5.20 billion, a P/E ratio of 17.02 and a beta of 0.98.
Cathay Pacific Airways Limited, together with its subsidiaries, operates as an airline that provides scheduled passenger and cargo services to approximately 200 destinations in Asia, North America, Australia, Europe, and Africa. It operates in two segments, Airline Business and Non-Airline Business. The company conducts airline operations principally to and from Hong Kong.
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