China Southern Airlines Co (NYSE:ZNH) gapped up prior to trading on Wednesday . The stock had previously closed at $30.73, but opened at $30.96. China Southern Airlines shares last traded at $31.52, with a volume of 18,922 shares trading hands.

Separately, Zacks Investment Research raised China Southern Airlines from a “sell” rating to a “hold” rating in a research report on Wednesday, April 27th.

The stock’s 50 day moving average price is $29.12 and its 200 day moving average price is $30.38. The stock has a market cap of $6.26 billion and a price-to-earnings ratio of 8.99.

The business also recently declared a dividend, which was paid on Thursday, July 14th. Stockholders of record on Friday, June 10th were paid a $0.529 dividend. The ex-dividend date of this dividend was Wednesday, June 8th.

An institutional investor recently raised its position in China Southern Airlines stock. Morgan Stanley increased its stake in shares of China Southern Airlines Co (NYSE:ZNH) by 9.0% during the fourth quarter, according to its most recent disclosure with the SEC. 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 SEC filing.

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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