Cathay Pacific Airways (OTCMKTS:CPCAY) Hits New 52-Week High – What’s Next?

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $9.8260 and last traded at $9.8260, with a volume of 717 shares trading hands. The stock had previously closed at $9.2324.

Analysts Set New Price Targets

CPCAY has been the subject of several analyst reports. Zacks Research cut shares of Cathay Pacific Airways from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Citigroup upgraded Cathay Pacific Airways from a “strong sell” rating to a “buy” rating in a research report on Tuesday, July 21st. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Cathay Pacific Airways Trading Down 1.8%

The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.75. The firm’s fifty day moving average price is $8.41 and its 200 day moving average price is $8.11.

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.