ANA (OTCMKTS:ALNPY) Shares Up 9.3% – Still a Buy?

Shares of ANA Holdings Inc. (OTCMKTS:ALNPY) shot up 9.3% during mid-day trading on Monday. The company traded as high as $3.99 and last traded at $3.99. Approximately 494 shares traded hands during trading, a decline of 91% from the average daily volume of 5,783 shares. The stock had previously closed at $3.65.

Wall Street Analysts Forecast Growth

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

ANA Price Performance

The company has a fifty day simple moving average of $3.93 and a 200 day simple moving average of $3.77. The stock has a market capitalization of $8.42 billion, a price-to-earnings ratio of 8.74 and a beta of 0.50. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.40 and a current ratio of 1.48.

ANA (OTCMKTS:ALNPY) last issued its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01. ANA had a return on equity of 12.24% and a net margin of 6.27%. The company had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $3.98 billion. Equities research analysts forecast that ANA Holdings Inc. will post 0.29 EPS 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.