Cathay Pacific Airways (OTCMKTS:CPCAY) Shares Gap Down – Should You Sell?

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY) shares gapped down before the market opened on Thursday . The stock had previously closed at $8.50, but opened at $8.00. Cathay Pacific Airways shares last traded at $8.00, with a volume of 321 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Citigroup cut Cathay Pacific Airways from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Cathay Pacific Airways Price Performance

The firm has a 50 day moving average of $7.90 and a 200-day moving average of $7.38.

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.