Air China (OTCMKTS:AIRYY) Shares Gap Down – Here’s Why

Air China Ltd. (OTCMKTS:AIRYY) gapped down before the market opened on Wednesday . The stock had previously closed at $10.0875, but opened at $9.57. Air China shares last traded at $9.57, with a volume of 109 shares trading hands.

Wall Street Analyst Weigh In

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

Air China Trading Down 5.7%

The firm has a market capitalization of $8.35 billion, a P/E ratio of 29.91 and a beta of 0.13. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 4.13. The stock has a 50 day simple moving average of $10.38 and a 200-day simple moving average of $12.40.

About Air China

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.