Cathay Pacific Airways (OTCMKTS:CPCAY) Shares Gap Down – What’s Next?

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAYGet Free Report)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $8.5205, but opened at $7.93. Cathay Pacific Airways shares last traded at $8.30, with a volume of 805 shares changing hands.

More Cathay Pacific Airways News

Here are the key news stories impacting Cathay Pacific Airways this week:

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CPCAY shares. Citigroup lowered Cathay Pacific Airways from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. Zacks Research raised Cathay Pacific Airways from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Get Our Latest Research Report on CPCAY

Cathay Pacific Airways Stock Performance

The business’s fifty day moving average price is $8.10 and its two-hundred day moving average price is $7.54.

About Cathay Pacific Airways

(Get Free Report)

Cathay Pacific Airways Limited (OTCMKTS:CPCAY) is the flag carrier of Hong Kong, operating a comprehensive network of scheduled passenger and cargo services across Asia, Europe, North America and Australasia. The airline’s fleet consists primarily of wide-body aircraft, including Airbus A330, A350 and Boeing 777 models, which are deployed on routes connecting Hong Kong International Airport to more than 80 destinations worldwide. Cathay Pacific is a founding member of the oneworld alliance, enabling seamless travel and loyalty benefits through partnerships with other leading global carriers.

Established in 1946 by American entrepreneur Roy C.

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