Air China (OTCMKTS:AIRYY) Stock Crosses Above 200-Day Moving Average on Disappointing Earnings

Air China Limited (OTCMKTS:AIRYY) shares passed above its two hundred day moving average during trading on Friday following a better than expected earnings announcement. The stock has a two hundred day moving average of $11.70 and traded as high as $13.61. Air China shares last traded at $13.61, with a volume of 267 shares trading hands.

The transportation company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.26). Air China had a negative return on equity of 1.16% and a negative net margin of 0.26%. The company had revenue of $11.54 billion for the quarter, compared to analysts’ expectations of $38.59 billion.

Air China Trading Up 5.0 %

The company has a fifty day moving average of $12.56 and a two-hundred day moving average of $11.72. The company has a quick ratio of 0.23, a current ratio of 0.27 and a debt-to-equity ratio of 3.46. The stock has a market capitalization of $11.29 billion, a price-to-earnings ratio of -151.21 and a beta of 0.36.

Air China Company Profile

Air China Limited, together with its subsidiaries, provides air passenger, air cargo, and airline-related services in Mainland China, Hong Kong, Macau, Taiwan, China, and internationally. The company operates in Airline Operations and Other Operations segments. It provides aircraft engineering and airport ground handling services.