Air China (OTCMKTS:AIRYY) Sets New 52-Week Low – Here’s What Happened

Air China Ltd. (OTCMKTS:AIRYY)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $10.08 and last traded at $10.08, with a volume of 534 shares. The stock had previously closed at $10.36.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Air China to a “hold” rating in a research report on Friday, August 7th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

Air China Price Performance

The stock has a market capitalization of $8.86 billion, a P/E ratio of 31.72 and a beta of 0.14. The company’s 50 day simple moving average is $10.39 and its two-hundred day simple moving average is $12.48. The company has a debt-to-equity ratio of 4.13, a current ratio of 0.30 and a quick ratio of 0.26.

Air China Company Profile

Air China Limited, trading on the OTCMKTS as AIRYY, is the flag carrier of the People’s Republic of China and one of the country’s major state-owned airlines. Established in 1988 following the restructuring of the Civil Aviation Administration of China (CAAC), Air China offers a broad range of air transportation services for passengers and cargo. Its core operations include scheduled domestic flights, international and regional routes, as well as charter services.

The airline operates a diverse fleet of Airbus and Boeing aircraft, serving more than 200 destinations across six continents.