Air China (OTCMKTS:AIRYY) Shares Gap Up – Time to Buy?

Air China Ltd. (OTCMKTS:AIRYY) shares gapped up prior to trading on Tuesday . The stock had previously closed at $12.0250, but opened at $13.30. Air China shares last traded at $13.30, with a volume of 1,096 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research lowered Air China from a “hold” rating to a “strong sell” rating in a research note on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Air China Stock 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 firm has a market cap of $11.60 billion, a P/E ratio of -44.33 and a beta of 0.04. The company’s 50 day moving average is $14.99 and its 200 day moving average is $16.03.

Air China (OTCMKTS:AIRYY) last released its quarterly earnings results on Friday, March 27th. The transportation company reported ($0.61) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.70). Air China had a negative return on equity of 4.57% and a negative net margin of 1.05%.The firm had revenue of $12.63 billion for the quarter, compared to the consensus estimate of $12.63 billion.

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.