Cathay Pacific Airways (OTCMKTS:CPCAY) Shares Gap Down – Here’s What Happened

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $9.8260, but opened at $9.39. Cathay Pacific Airways shares last traded at $9.87, with a volume of 1,064 shares traded.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Zacks Research cut Cathay Pacific Airways from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Citigroup upgraded shares of Cathay Pacific Airways from a “strong sell” rating to a “buy” rating in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Cathay Pacific Airways Price Performance

The company’s 50 day moving average price is $8.38 and its 200-day moving average price is $8.10. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.75.

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.