ANA (OTCMKTS:ALNPY) Stock Price Down 8% – Here’s Why

ANA Holdings Inc. (OTCMKTS:ALNPY)’s share price traded down 8% on Wednesday . The company traded as low as $3.81 and last traded at $3.81. Approximately 7,025 shares were traded during mid-day trading, an increase of 34% from the average session volume of 5,257 shares. The stock had previously closed at $4.14.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ALNPY shares. Nomura raised shares of ANA from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 2nd. Zacks Research raised ANA to a “hold” rating in a research report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, ANA presently has an average rating of “Moderate Buy”.

ANA Stock Performance

The company has a fifty day moving average of $3.79 and a two-hundred day moving average of $3.79. The stock has a market capitalization of $8.88 billion, a P/E ratio of 9.29 and a beta of 0.46. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.54 and a quick ratio of 1.46.

ANA (OTCMKTS:ALNPY) last released its earnings results on Wednesday, July 29th. The transportation company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01. ANA had a net margin of 6.27% and a return on equity of 12.15%. The firm had revenue of $4.10 billion during the quarter, compared to analyst estimates of $3.98 billion. On average, equities analysts anticipate that ANA Holdings Inc. will post 0.29 EPS for the current 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.