China Southern Airlines Co (ZNH) Shares Gap Down to $30.71
China Southern Airlines Co (NYSE:ZNH)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $29.99, but opened at $30.71. China Southern Airlines shares last traded at $31.69, with a volume of 23,243 shares changing hands.
Separately, Zacks Investment Research raised shares of China Southern Airlines from a “sell” rating to a “hold” rating in a research note on Wednesday, April 27th.
The firm’s 50 day moving average is $28.90 and its 200 day moving average is $30.58. The stock has a market capitalization of $6.30 billion and a P/E ratio of 9.05.
The company also recently declared a dividend, which will be paid on Thursday, July 14th. Investors of record on Friday, June 10th will be issued a dividend of $0.529 per share. The ex-dividend date is Wednesday, June 8th.
A hedge fund recently raised its stake in China Southern Airlines stock. Morgan Stanley boosted its stake in shares of China Southern Airlines Co (NYSE:ZNH) by 9.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,628 shares of the company’s stock after buying an additional 3,617 shares during the period. Morgan Stanley’s holdings in China Southern Airlines were worth $1,664,000 as of its most recent filing with the SEC.
China Southern Airlines Company Limited is engaged in airline operations. The Company also operates certain airline related businesses, including provision of aircraft maintenance and air catering services. The Company operates through the airline transportation operations segment. The Company’s other segments consist primarily of business segments of hotel and tour operation, ground services, cargo handling and other miscellaneous services.
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