Cathay Pacific Airways (OTCMKTS:CPCAY) Sees Strong Trading Volume – Still a Buy?

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY) saw unusually-strong trading volume on Thursday . Approximately 11,801 shares were traded during trading, an increase of 405% from the previous session’s volume of 2,337 shares.The stock last traded at $8.15 and had previously closed at $8.19.

Analysts Set New Price Targets

Separately, Citigroup cut shares of Cathay Pacific Airways from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce”.

Cathay Pacific Airways Trading Down 0.5%

The company has a 50-day moving average price of $7.93 and a two-hundred day moving average price of $7.39.

Cathay Pacific Airways Company Profile

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.