ANA (OTCMKTS:ALNPY) Shares Gap Down – What’s Next?

ANA Holdings Inc. (OTCMKTS:ALNPY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $3.90, but opened at $3.70. ANA shares last traded at $3.70, with a volume of 512 shares trading hands.

Wall Street Analysts Forecast Growth

ALNPY has been the subject of a number of research analyst reports. Nomura upgraded shares of ANA from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 2nd. Zacks Research upgraded shares of ANA to a “hold” rating in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

ANA Stock Performance

The firm’s fifty day moving average price is $3.61 and its 200 day moving average price is $3.81. The firm has a market cap of $8.63 billion, a P/E ratio of 8.41 and a beta of 0.47. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.51 and a current ratio of 1.59.

ANA (OTCMKTS:ALNPY) last issued its quarterly earnings data on Thursday, April 30th. The transportation company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.06 billion. ANA had a net margin of 6.65% and a return on equity of 13.79%. Sell-side analysts expect that ANA Holdings Inc. will post 0.26 EPS for the current fiscal year.

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.