Cathay Pacific Airways (OTCMKTS:CPCAY) Shares Gap Down – Here’s What Happened

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY) gapped down prior to trading on Friday . The stock had previously closed at $9.8260, but opened at $9.39. Cathay Pacific Airways shares last traded at $9.87, with a volume of 1,064 shares.

Analyst Ratings Changes

CPCAY has been the subject of a number of research analyst reports. Zacks Research downgraded Cathay Pacific Airways from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Citigroup raised Cathay Pacific Airways from a “strong sell” rating to a “buy” rating in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Cathay Pacific Airways Price Performance

The business’s fifty day moving average is $8.38 and its 200-day moving average is $8.10. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.75.

About Cathay Pacific Airways

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.