ANA (OTCMKTS:ALNPY) Shares Gap Up – Here’s Why

ANA Holdings Inc. (OTCMKTS:ALNPY)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $3.76, but opened at $4.07. ANA shares last traded at $4.10, with a volume of 347 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Zacks Research upgraded shares of ANA to a “hold” rating in a report on Wednesday, June 3rd. Nomura upgraded shares of ANA from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

ANA Stock Performance

The stock has a market capitalization of $9.35 billion, a price-to-earnings ratio of 9.78 and a beta of 0.46. The company has a current ratio of 1.48, a quick ratio of 1.40 and a debt-to-equity ratio of 0.73. The firm has a 50-day moving average of $3.86 and a 200-day moving average of $3.77.

ANA (OTCMKTS:ALNPY) last issued its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The company had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $3.98 billion. ANA had a return on equity of 12.24% and a net margin of 6.27%. As a group, sell-side analysts predict that ANA Holdings Inc. will post 0.29 earnings per share for the current year.

About ANA

ANA Holdings Inc is a Japan-based transportation group best known for its airline operations under the All Nippon Airways (ANA) brand. The company provides scheduled passenger and cargo air transportation, with a network connecting destinations throughout Japan and international markets across Asia, North America, Europe and other regions.

Through its airline businesses, the group offers full-service flights through ANA, value-oriented service through Peach Aviation, and international operations through AirJapan.