Air China (OTCMKTS:AIRYY) Hits New 52-Week Low – Here’s What Happened

Air China Ltd. (OTCMKTS:AIRYY)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as $10.16 and last traded at $10.36, with a volume of 952 shares. The stock had previously closed at $10.40.

Analyst Upgrades and Downgrades

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

Air China Price Performance

The company has a debt-to-equity ratio of 4.13, a quick ratio of 0.26 and a current ratio of 0.30. The company has a 50-day moving average price of $10.40 and a 200-day moving average price of $12.64. The firm has a market capitalization of $9.04 billion, a P/E ratio of 32.38 and a beta of 0.14.

About Air China

Air China Limited, trading on the OTCMKTS as AIRYY, is the flag carrier of the People’s Republic of China and one of the country’s major state-owned airlines. Established in 1988 following the restructuring of the Civil Aviation Administration of China (CAAC), Air China offers a broad range of air transportation services for passengers and cargo. Its core operations include scheduled domestic flights, international and regional routes, as well as charter services.

The airline operates a diverse fleet of Airbus and Boeing aircraft, serving more than 200 destinations across six continents.