China Southern Airlines Co (ZNH) Shares Gap Down to $31.17
China Southern Airlines Co (NYSE:ZNH) gapped down before the market opened on Thursday . The stock had previously closed at $29.91, but opened at $31.17. China Southern Airlines shares last traded at $32.72, with a volume of 15,730 shares.
Separately, Zacks Investment Research raised shares of China Southern Airlines from a “sell” rating to a “hold” rating in a report on Wednesday, April 27th.
The stock has a 50-day moving average of $29.38 and a 200 day moving average of $30.30. The stock has a market capitalization of $6.53 billion and a price-to-earnings ratio of 9.39.
The company also recently announced 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 was Wednesday, June 8th.
A hedge fund recently raised its stake in China Southern Airlines stock. Morgan Stanley increased its stake in China Southern Airlines Co (NYSE:ZNH) by 9.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent quarter.
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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