Air China (OTCMKTS:AIRYY) Share Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Shares of Air China Ltd. (OTCMKTS:AIRYY) crossed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $9.49 and traded as high as $9.92. Air China shares last traded at $9.92, with a volume of 1,250 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Air China to a “hold” rating in a research report on Friday, August 7th. One analyst has rated the stock with a Hold rating. According to data from MarketBeat, the stock has an average rating of “Hold”.

Air China Trading Up 7.0%

The stock has a fifty day moving average of $9.49 and a two-hundred day moving average of $12.21. The stock has a market capitalization of $8.65 billion, a price-to-earnings ratio of -10.55 and a beta of 0.11.

Air China (OTCMKTS:AIRYY) last issued its quarterly earnings data on Thursday, October 29th. The transportation company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.73) by $0.79. The firm had revenue of $7.76 billion during the quarter, compared to the consensus estimate of $7.57 billion. Air China had a negative return on equity of 14.97% and a negative net margin of 3.02%. Equities analysts expect that Air China Ltd. will post -0.91 earnings per share for the current year.

About Air China

Air China Limited is a China-based commercial airline and the country’s national flag carrier. The company provides scheduled passenger air transportation, air cargo services and related aviation services through its principal operating brands, including Air China.

Headquartered in Beijing, Air China serves destinations across mainland China and connects the country with international markets in Asia, Europe, North America, Oceania and other regions. Its operations include domestic and long-haul international flights, as well as services related to freight transportation, aircraft maintenance and airline catering.

Air China was established in 1988 and has developed into one of China’s largest airlines.