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

Air China Ltd. (OTCMKTS:AIRYY)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $15.20, but opened at $18.09. Air China shares last traded at $18.09, with a volume of 931 shares traded.

Air China Stock Performance

The firm has a 50-day simple moving average of $15.92 and a two-hundred day simple moving average of $14.55. The company has a current ratio of 0.41, a quick ratio of 0.36 and a debt-to-equity ratio of 3.75. The company has a market capitalization of $15.01 billion, a price-to-earnings ratio of 904.95 and a beta of -0.09.

Air China (OTCMKTS:AIRYY) last announced its quarterly earnings results on Friday, October 31st. The transportation company reported $0.61 EPS for the quarter. The business had revenue of $6.86 billion during the quarter. Air China had a return on equity of 0.79% and a net margin of 0.19%. As a group, sell-side analysts forecast that Air China Ltd. will post 0.11 earnings per share for the current fiscal year.

About Air China

Air China Limited, trading on the OTCMKTS as AIRYY, is the flag carrier of the People’s Republic of China and one of the country’s major state-owned airlines. Established in 1988 following the restructuring of the Civil Aviation Administration of China (CAAC), Air China offers a broad range of air transportation services for passengers and cargo. Its core operations include scheduled domestic flights, international and regional routes, as well as charter services.

The airline operates a diverse fleet of Airbus and Boeing aircraft, serving more than 200 destinations across six continents.