Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $8.38 and traded as high as $8.73. Cathay Pacific Airways shares last traded at $8.72, with a volume of 625 shares.
Wall Street Analysts Forecast Growth
Separately, Citigroup upgraded shares of Cathay Pacific Airways from a “strong sell” rating to a “buy” rating in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.
Read Our Latest Report on Cathay Pacific Airways
Cathay Pacific Airways Price Performance
The business has a 50-day simple moving average of $8.97 and a 200-day simple moving average of $8.38.
About Cathay Pacific Airways
Cathay Pacific Airways Limited is the flag carrier of Hong Kong and the principal operating airline of the Cathay Group. The company provides scheduled passenger and air cargo services through its Cathay Pacific brand, connecting Hong Kong with destinations across Asia, Europe, North America, Oceania, the Middle East and Africa. Hong Kong International Airport serves as its primary hub.
In addition to passenger transportation, Cathay Pacific operates Cathay Cargo, which provides air freight services for commercial shipments, specialized cargo and logistics customers.
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