Air Canada (OTCMKTS:ACDVF) Stock Passes Below 50-Day Moving Average of $13.97

Air Canada (OTCMKTS:ACDVF) shares crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $13.97 and traded as low as $13.39. Air Canada shares last traded at $13.39, with a volume of 28,206 shares traded.

Air Canada Stock Down 0.7 %

The stock’s 50 day moving average is $13.97 and its 200 day moving average is $13.61. The company has a market capitalization of $4.80 billion, a PE ratio of 3.20 and a beta of 1.91. The company has a debt-to-equity ratio of 16.33, a quick ratio of 0.99 and a current ratio of 1.03.

Air Canada (OTCMKTS:ACDVF) last posted its quarterly earnings results on Thursday, May 2nd. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.22). The company had revenue of $3.88 billion during the quarter. Air Canada had a return on equity of 711.50% and a net margin of 9.92%. On average, sell-side analysts anticipate that Air Canada will post 2.58 EPS for the current fiscal year.

About Air Canada

Air Canada provides domestic, U.S. transborder, and international airline services. The company provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.