ANA (OTCMKTS:ALNPY) Trading 8.5% Higher – Time to Buy?

Shares of ANA Holdings Inc. (OTCMKTS:ALNPY) shot up 8.5% during mid-day trading on Tuesday . The stock traded as high as $4.10 and last traded at $4.10. Approximately 175 shares changed hands during trading, a decline of 97% from the average daily volume of 5,267 shares. The stock had previously closed at $3.78.

Wall Street Analyst Weigh In

ALNPY has been the topic of several research reports. Zacks Research upgraded shares of ANA to a “hold” rating in a research report on Wednesday, June 3rd. Nomura raised ANA from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

ANA Stock Performance

The stock has a market capitalization of $9.56 billion, a PE ratio of 10.00 and a beta of 0.46. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.46 and a current ratio of 1.54. The firm has a 50 day moving average of $3.78 and a 200-day moving average of $3.79.

ANA (OTCMKTS:ALNPY) last released its earnings results on Wednesday, July 29th. The transportation company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01. ANA had a return on equity of 12.15% and a net margin of 6.27%.The company had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $3.98 billion. Research analysts forecast that ANA Holdings Inc. will post 0.26 earnings per share for the current year.

ANA Company Profile

All Nippon Airways Co, Ltd. (OTCMKTS: ALNPY) is a Tokyo-based airline offering passenger and cargo air transportation services. Founded in 1952, the company operates scheduled flights under its ANA brand, providing a network of domestic and international routes. In addition to core flight operations, ANA delivers ancillary services including in-flight catering, ground handling and aircraft maintenance.

ANA’s diversified business model encompasses several subsidiaries such as ANA Wings and Air Japan for regional operations, and ANA Cargo for freight services.