Cathay Pacific Airways (OTCMKTS:CPCAY) Shares Up 5.2% – Here’s Why

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY)’s stock price shot up 5.2% on Wednesday . The company traded as high as $9.66 and last traded at $9.66. Approximately 2,019 shares were traded during mid-day trading, a decline of 58% from the average session volume of 4,843 shares. The stock had previously closed at $9.1850.

Analyst Ratings Changes

Separately, Citigroup raised shares of Cathay Pacific Airways from a “strong sell” rating to a “buy” rating in a research note on Tuesday, July 21st. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Cathay Pacific Airways Stock Up 5.2%

The company has a debt-to-equity ratio of 0.75, a current ratio of 0.38 and a quick ratio of 0.38. The company’s 50-day moving average price is $8.73 and its two-hundred day moving average price is $8.23.

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.