Cathay Pacific Airways (OTCMKTS:CPCAY) Sees Strong Trading Volume – Still a Buy?

Shares of Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY) saw unusually-strong trading volume on Tuesday . Approximately 6,666 shares changed hands during mid-day trading, an increase of 41% from the previous session’s volume of 4,717 shares.The stock last traded at $8.40 and had previously closed at $8.3150.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Zacks Research lowered shares of Cathay Pacific Airways from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Citigroup upgraded Cathay Pacific Airways from a “strong sell” rating to a “buy” rating in a report on Tuesday. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cathay Pacific Airways has an average rating of “Moderate Buy”.

Cathay Pacific Airways Stock Up 5.4%

The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.75. The firm’s 50-day moving average price is $8.11 and its 200 day moving average price is $8.00.

About Cathay Pacific Airways

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.