ANA (OTCMKTS:ALNPY) Stock Price Down 7.9% – Here’s What Happened

Shares of ANA Holdings Inc. (OTCMKTS:ALNPY) dropped 7.9% on Wednesday. The stock traded as low as $3.6840 and last traded at $3.6840. 386 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 5,860 shares. The stock had previously closed at $4.00.

Analyst Upgrades and Downgrades

Separately, Nomura upgraded shares of ANA from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

ANA Stock Down 7.3%

The company has a current ratio of 1.48, a quick ratio of 1.40 and a debt-to-equity ratio of 0.73. The company has a market cap of $8.65 billion, a price-to-earnings ratio of 9.05 and a beta of 0.50. The stock’s 50-day moving average is $3.94 and its 200-day moving average is $3.77.

ANA (OTCMKTS:ALNPY) last released its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. ANA had a net margin of 6.27% and a return on equity of 12.24%. The company had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $3.98 billion. On average, analysts anticipate that ANA Holdings Inc. will post 0.29 earnings per share for the current fiscal year.

ANA Company Profile

ANA Holdings Inc is a Japanese aviation group best known for operating All Nippon Airways (ANA), one of Japan’s largest airlines. Through its airline businesses, the group provides scheduled passenger and cargo transportation on domestic and international routes, connecting Japan with destinations across Asia, North America, Europe and other regions.

The group’s businesses also include Air Japan, an international airline serving select leisure and business markets, and Peach Aviation, a low-cost carrier focused primarily on domestic and short-haul international travel.