Air China (OTCMKTS:AIRYY) Shares Gap Down – Here’s What Happened

Air China Ltd. (OTCMKTS:AIRYYGet Free Report)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $16.30, but opened at $15.20. Air China shares last traded at $15.20, with a volume of 350 shares trading hands.

Air China Stock Down 6.7%

The business’s 50 day moving average price is $15.57 and its 200-day moving average price is $14.37. The company has a debt-to-equity ratio of 3.75, a quick ratio of 0.36 and a current ratio of 0.41. The firm has a market capitalization of $12.61 billion, a PE ratio of 760.38 and a beta of -0.09.

Air China (OTCMKTS:AIRYYGet Free Report) last posted its earnings results on Friday, October 31st. The transportation company reported $0.61 earnings per share for the quarter. Air China had a net margin of 0.19% and a return on equity of 0.79%. The firm had revenue of $6.86 billion during the quarter. As a group, equities research analysts forecast that Air China Ltd. will post 0.11 earnings per share for the current year.

Air China Company Profile

(Get Free Report)

Air China Limited, together with its subsidiaries, provides air passenger, air cargo, and airline-related services in Mainland China, Hong Kong, Macau, Taiwan, China, and internationally. The company operates in Airline Operations and Other Operations segments. It provides aircraft engineering and airport ground handling services.

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