Air China (OTCMKTS:AIRYY) Shares Gap Up – Here’s What Happened

Air China Ltd. (OTCMKTS:AIRYY) gapped up prior to trading on Monday . The stock had previously closed at $10.4004, but opened at $10.75. Air China shares last traded at $10.75, with a volume of 200 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research raised Air China to a “hold” rating in a research report on Friday, August 7th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Air China currently has an average rating of “Hold”.

Air China Stock Up 3.4%

The firm has a market capitalization of $9.38 billion, a PE ratio of 33.59 and a beta of 0.14. The business’s fifty day moving average price is $10.40 and its 200 day moving average price is $12.77. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 4.13.

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.