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

Air China Ltd. (OTCMKTS:AIRYY)’s stock price gapped up prior to trading on Wednesday. The stock had previously closed at $9.4125, but opened at $10.40. Air China shares last traded at $10.40, with a volume of 544 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Air China to a “hold” rating in a research note on Friday, August 7th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Air China has a consensus rating of “Hold”.

Air China Stock Up 10.5%

The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 4.13. The firm has a market capitalization of $9.07 billion, a price-to-earnings ratio of -26.67 and a beta of 0.13. The firm has a fifty day moving average price of $10.04 and a 200 day moving average price of $11.21.

Air China Company Profile

Air China Limited is the flag carrier of the People’s Republic of China and is headquartered in Beijing. Established in 1988, the company provides scheduled passenger air transportation, air cargo and mail services, and related aviation services. Its operations serve major cities throughout mainland China and connect the country with destinations across Asia, Europe, North America, Oceania, and other international markets.

The company operates under the Air China brand and offers domestic, regional, and long-haul international flights.