China Southern Airlines Co (NYSE:ZNH) shares gapped up before the market opened on Friday . The stock had previously closed at $32.35, but opened at $32.96. China Southern Airlines shares last traded at $33.82, with a volume of 15,518 shares.

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

The firm has a 50-day moving average of $30.81 and a 200-day moving average of $30.48. The firm has a market cap of $6.73 billion and a PE ratio of 9.67.

A hedge fund recently raised its stake in China Southern Airlines stock. First Trust Advisors LP boosted its stake in China Southern Airlines Co (NYSE:ZNH) by 26.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 44,446 shares of the company’s stock after buying an additional 9,353 shares during the period. First Trust Advisors LP’s holdings in China Southern Airlines were worth $1,696,000 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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