Cathay Pacific Airways (OTCMKTS:CPCAY) Hits New 52-Week High – Here’s What Happened

Shares of Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY) hit a new 52-week high on Thursday . The stock traded as high as $8.3025 and last traded at $8.3025, with a volume of 670 shares changing hands. The stock had previously closed at $7.98.

Wall Street Analysts Forecast Growth

Separately, Citigroup downgraded Cathay Pacific Airways from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce”.

Cathay Pacific Airways Trading Up 4.0%

The business has a 50-day simple moving average of $7.84 and a 200 day simple moving average of $7.34.

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.