Cathay Pacific Airways (OTCMKTS:CPCAY) Sets New 12-Month High – Time to Buy?

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $9.8260 and last traded at $9.8260, with a volume of 717 shares trading hands. The stock had previously closed at $9.2324.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CPCAY shares. Citigroup raised shares of Cathay Pacific Airways from a “strong sell” rating to a “buy” rating in a report on Tuesday, July 21st. Zacks Research downgraded shares of Cathay Pacific Airways from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Cathay Pacific Airways currently has an average rating of “Moderate Buy”.

Cathay Pacific Airways Stock Performance

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 business’s fifty day simple moving average is $8.35 and its two-hundred day simple moving average is $8.09.

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.