Air China (OTCMKTS:AIRYY) Shares Gap Down – Here’s Why

Air China Ltd. (OTCMKTS:AIRYY – Get Free Report)’s share price gapped down prior to trading on Monday. The stock had previously closed at $10.40, but opened at $9.19. Air China shares last traded at $9.19, with a volume of 102 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Air China to a “hold” rating in a research note on Friday, August 7th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

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Air China Trading Down 11.6%

The firm has a 50 day moving average price of $10.04 and a 200-day moving average price of $11.10. The firm has a market cap of $8.02 billion, a price-to-earnings ratio of -23.56 and a beta of 0.13.

About Air China

(Get Free Report)

Air China Limited is the flag carrier of the People’s Republic of China and is headquartered in Beijing. Established in 1988, the company provides scheduled passenger air transportation, air cargo and mail services, and related aviation services. Its operations serve major cities throughout mainland China and connect the country with destinations across Asia, Europe, North America, Oceania, and other international markets.

The company operates under the Air China brand and offers domestic, regional, and long-haul international flights.

Further Reading

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