ANA (OTCMKTS:ALNPY) Sees Large Volume Increase on Earnings Beat

Shares of ANA Holdings Inc. (OTCMKTS:ALNPY) saw strong trading volume on Thursday after the company announced better than expected quarterly earnings. 15,100 shares were traded during trading, an increase of 166% from the average daily volume of 5,672 shares. The stock last traded at $3.81 and had previously closed at $3.83.

The transportation company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. ANA had a return on equity of 12.24% and a net margin of 6.27%.

Analyst Upgrades and Downgrades

Separately, Nomura upgraded shares of ANA from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

ANA Stock Down 0.5%

The company has a market capitalization of $8.88 billion, a price-to-earnings ratio of 9.29 and a beta of 0.50. The stock’s fifty day moving average price is $3.89 and its 200-day moving average price is $3.82. The company has a quick ratio of 1.40, a current ratio of 1.48 and a debt-to-equity ratio of 0.73.

About ANA

ANA Holdings, Inc is a Japanese transportation and travel-services group best known for All Nippon Airways (ANA), one of Japan’s largest airlines. Through its airline businesses, the group provides scheduled passenger and cargo transportation, as well as related services such as airport operations, aircraft maintenance and travel arrangements.

ANA operates an extensive domestic network in Japan and serves international destinations across Asia, North America, Europe and other regions. The group also includes aviation businesses serving different customer segments, including Peach Aviation, a low-cost carrier, and AirJapan, an international airline brand.