Cathay Pacific Airways (OTCMKTS:CPCAY) Reaches New 12-Month High – Here’s Why

Shares of Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $9.16 and last traded at $9.16, with a volume of 512 shares trading hands. The stock had previously closed at $8.9614.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Zacks Research lowered Cathay Pacific Airways from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Citigroup raised shares of Cathay Pacific Airways from a “strong sell” rating to a “buy” rating in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Cathay Pacific Airways Price Performance

The company has a debt-to-equity ratio of 0.75, a current ratio of 0.38 and a quick ratio of 0.38. The company has a fifty day simple moving average of $8.20 and a two-hundred day simple moving average of $8.03.

Cathay Pacific Airways Company Profile

Cathay Pacific Airways Limited (OTCMKTS:CPCAY) is the flag carrier of Hong Kong, operating a comprehensive network of scheduled passenger and cargo services across Asia, Europe, North America and Australasia. The airline’s fleet consists primarily of wide-body aircraft, including Airbus A330, A350 and Boeing 777 models, which are deployed on routes connecting Hong Kong International Airport to more than 80 destinations worldwide. Cathay Pacific is a founding member of the oneworld alliance, enabling seamless travel and loyalty benefits through partnerships with other leading global carriers.

Established in 1946 by American entrepreneur Roy C.