ANA (OTCMKTS:ALNPY) Shares Gap Up – Here’s What Happened

ANA Holdings Inc. (OTCMKTS:ALNPY) gapped up prior to trading on Wednesday . The stock had previously closed at $3.60, but opened at $3.85. ANA shares last traded at $3.85, with a volume of 103 shares trading hands.

Analysts Set New Price Targets

Several brokerages recently issued reports on ALNPY. Nomura lowered ANA from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 15th. Smbc Nikko Sec. upgraded ANA to a “hold” rating in a research report on Friday, February 27th. Finally, Zacks Research raised ANA to a “hold” rating in a report on Wednesday, June 3rd. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, ANA has an average rating of “Hold”.

ANA Trading Up 7.1%

The company has a market cap of $8.98 billion, a price-to-earnings ratio of 8.75 and a beta of 0.46. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.51 and a current ratio of 1.59. The business’s 50 day moving average price is $3.61 and its 200-day moving average price is $3.81.

ANA (OTCMKTS:ALNPY) last issued its earnings results on Thursday, April 30th. The transportation company reported $0.09 earnings per share for the quarter, beating the consensus estimate 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. On average, research analysts forecast that ANA Holdings Inc. will post 0.26 EPS for the current year.

ANA Company Profile

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.