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

ANA Holdings Inc. (OTCMKTS:ALNPY) shares gapped up before the market opened on Thursday . The stock had previously closed at $3.5755, but opened at $3.79. ANA shares last traded at $3.79, with a volume of 915 shares changing hands.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Zacks Research raised ANA to a “hold” rating in a report on Wednesday, June 3rd. Nomura cut shares of ANA from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

ANA Stock Up 6.7%

The firm’s 50-day simple moving average is $3.60 and its 200 day simple moving average is $3.81. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.51 and a current ratio of 1.59. The company has a market cap of $8.89 billion, a P/E ratio of 8.67 and a beta of 0.47.

ANA (OTCMKTS:ALNPY) last posted its quarterly earnings results on Thursday, April 30th. The transportation company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.02. ANA had a return on equity of 13.79% and a net margin of 6.65%.The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.06 billion. On average, research analysts forecast that ANA Holdings Inc. will post 0.26 earnings per share for the current fiscal 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.