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

ANA Holdings Inc. (OTCMKTS:ALNPY) shares gapped down prior to trading on Wednesday. The stock had previously closed at $3.83, but opened at $3.61. ANA shares last traded at $3.72, with a volume of 496 shares trading hands.

Analyst Ratings Changes

Separately, Nomura upgraded ANA from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

ANA Stock Performance

The stock’s 50-day moving average price is $3.91 and its 200-day moving average price is $3.77. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.40 and a current ratio of 1.48. The company has a market capitalization of $8.67 billion, a price-to-earnings ratio of 9.07 and a beta of 0.50.

ANA (OTCMKTS:ALNPY) last released its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. ANA had a return on equity of 12.24% and a net margin of 6.27%. The business had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $3.98 billion. As a group, equities research analysts expect that ANA Holdings Inc. will post 0.29 earnings per share for the current year.

ANA Company Profile

ANA Holdings, Inc is a Japanese transportation and travel-services group best known for All Nippon Airways (ANA), one of Japan’s largest airlines. Through its airline businesses, the group provides scheduled passenger and cargo transportation, as well as related services such as airport operations, aircraft maintenance and travel arrangements.

ANA operates an extensive domestic network in Japan and serves international destinations across Asia, North America, Europe and other regions. The group also includes aviation businesses serving different customer segments, including Peach Aviation, a low-cost carrier, and AirJapan, an international airline brand.