Cathay Pacific Airways (OTCMKTS:CPCAY) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.09 and traded as high as $9.31. Cathay Pacific Airways shares last traded at $9.31, with a volume of 981 shares traded.

Analyst Ratings Changes

CPCAY has been the topic of a number of research analyst reports. Citigroup upgraded Cathay Pacific Airways from a “strong sell” rating to a “buy” rating in a report on Tuesday, July 21st. Zacks Research downgraded shares of Cathay Pacific Airways from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Cathay Pacific Airways Stock Up 0.8%

The company has a debt-to-equity ratio of 0.75, a current ratio of 0.38 and a quick ratio of 0.38. The company’s fifty day moving average price is $8.35 and its 200 day moving average price is $8.09.

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.