ANA (OTCMKTS:ALNPY) Shares Gap Up – Here’s What Happened

ANA Holdings Inc. (OTCMKTS:ALNPY)’s share price gapped up before the market opened on Friday . The stock had previously closed at $3.78, but opened at $4.0030. ANA shares last traded at $4.0030, with a volume of 179 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Nomura upgraded shares of ANA from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 2nd. Zacks Research upgraded shares of ANA to a “hold” rating in a research report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

ANA Price Performance

The firm has a market capitalization of $9.33 billion, a PE ratio of 9.76 and a beta of 0.46. The company has a 50-day moving average price of $3.83 and a 200-day moving average price of $3.78. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.48 and a quick ratio of 1.46.

ANA (OTCMKTS:ALNPY) last issued its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01. The company had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $3.98 billion. ANA had a return on equity of 12.24% and a net margin of 6.27%. Sell-side analysts forecast that ANA Holdings Inc. will post 0.29 EPS for the current year.

About ANA

All Nippon Airways Co, Ltd. (OTCMKTS: ALNPY) is a Tokyo-based airline offering passenger and cargo air transportation services. Founded in 1952, the company operates scheduled flights under its ANA brand, providing a network of domestic and international routes. In addition to core flight operations, ANA delivers ancillary services including in-flight catering, ground handling and aircraft maintenance.

ANA’s diversified business model encompasses several subsidiaries such as ANA Wings and Air Japan for regional operations, and ANA Cargo for freight services.