Air China (OTCMKTS:AIRYY) Hits New 1-Year Low – Time to Sell?

Air China Ltd. (OTCMKTS:AIRYY)’s stock price reached a new 52-week low on Friday . The stock traded as low as $11.55 and last traded at $11.55, with a volume of 204 shares trading hands. The stock had previously closed at $12.20.

Wall Street Analyst Weigh In

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

Air China Stock Down 5.3%

The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 4.13. The company has a market capitalization of $10.08 billion, a price-to-earnings ratio of 36.09 and a beta of 0.09. The firm’s fifty day simple moving average is $12.24 and its two-hundred day simple moving average is $15.51.

Air China (OTCMKTS:AIRYY) last posted its earnings results on Wednesday, April 29th. The transportation company reported $0.29 earnings per share for the quarter, beating the consensus estimate of ($0.73) by $1.02. The company had revenue of $6.43 billion for the quarter, compared to analyst estimates of $2.39 billion. Air China had a net margin of 1.12% and a return on equity of 5.01%.

Air China Company Profile

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.