Air China (OTCMKTS:AIRYY) Shares Gap Up – Time to Buy?

Air China Ltd. (OTCMKTS:AIRYY)’s stock price gapped up prior to trading on Thursday. The stock had previously closed at $8.95, but opened at $9.92. Air China shares last traded at $9.92, with a volume of 1,250 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Air China to a “hold” rating in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company has an average rating of “Hold”.

Air China Price Performance

The company has a market cap of $8.65 billion, a PE ratio of -10.55 and a beta of 0.11. The stock’s 50-day moving average is $9.50 and its 200 day moving average is $12.25.

Air China (OTCMKTS:AIRYY) last announced its earnings results on Thursday, October 29th. The transportation company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.73) by $0.79. The firm had revenue of $7.76 billion for the quarter, compared to the consensus estimate of $7.57 billion. Air China had a negative return on equity of 14.97% and a negative net margin of 3.02%. On average, analysts expect that Air China Ltd. will post -0.56 EPS for the current year.

About Air China

Air China Limited is a China-based commercial airline and the country’s national flag carrier. The company provides scheduled passenger air transportation, air cargo services and related aviation services through its principal operating brands, including Air China.

Headquartered in Beijing, Air China serves destinations across mainland China and connects the country with international markets in Asia, Europe, North America, Oceania and other regions. Its operations include domestic and long-haul international flights, as well as services related to freight transportation, aircraft maintenance and airline catering.

Air China was established in 1988 and has developed into one of China’s largest airlines.