ANA (OTCMKTS:ALNPY) Shares Gap Up – Time to Buy?

Shares of ANA Holdings Inc. (OTCMKTS:ALNPY) gapped up before the market opened on Thursday . The stock had previously closed at $3.46, but opened at $3.64. ANA shares last traded at $3.54, with a volume of 380 shares.

Analysts Set New Price Targets

ALNPY has been the topic of a number of research reports. Smbc Nikko Sec. raised shares of ANA to a “hold” rating in a report on Friday, February 27th. Nomura downgraded ANA from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

ANA Price Performance

The business’s 50-day moving average price is $3.69 and its 200 day moving average price is $3.86. The company has a quick ratio of 1.51, a current ratio of 1.59 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $8.21 billion, a P/E ratio of 8.00 and a beta of 0.46.

ANA (OTCMKTS:ALNPY) last posted its earnings results on Thursday, April 30th. The transportation company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. ANA had a net margin of 6.65% and a return on equity of 13.79%. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.06 billion.

About ANA

All Nippon Airways Co, Ltd. (OTCMKTS: ALNPY) is a Tokyo-based airline offering passenger and cargo air transportation services. Founded in 1952, the company operates scheduled flights under its ANA brand, providing a network of domestic and international routes. In addition to core flight operations, ANA delivers ancillary services including in-flight catering, ground handling and aircraft maintenance.

ANA’s diversified business model encompasses several subsidiaries such as ANA Wings and Air Japan for regional operations, and ANA Cargo for freight services.