Cathay Pacific Airways (OTCMKTS:CPCAY) Reaches New 1-Year High – Still a Buy?

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $9.16 and last traded at $9.16, with a volume of 512 shares. The stock had previously closed at $8.9614.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Citigroup upgraded shares of Cathay Pacific Airways from a “strong sell” rating to a “buy” rating in a report on Tuesday, July 21st. Zacks Research downgraded Cathay Pacific Airways from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Cathay Pacific Airways presently has a consensus rating of “Moderate Buy”.

Cathay Pacific Airways Stock Performance

The firm has a 50-day simple moving average of $8.15 and a two-hundred day simple moving average of $8.01. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.38 and a current ratio of 0.38.

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.