ANA (OTCMKTS:ALNPY) Shares Down 8.1% – Here’s Why

ANA Holdings Inc. (OTCMKTS:ALNPY)’s share price was down 8.1% on Tuesday . The company traded as low as $3.73 and last traded at $3.73. 923 shares traded hands during trading, a decline of 82% from the average daily volume of 5,175 shares. The stock had previously closed at $4.06.

Wall Street Analysts Forecast Growth

Several research firms have commented on ALNPY. Nomura raised ANA from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 2nd. Zacks Research raised ANA to a “hold” rating in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

ANA Trading Down 1.7%

The business’s 50-day moving average price is $3.81 and its 200 day moving average price is $3.79. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.54 and a quick ratio of 1.46. The firm has a market capitalization of $9.30 billion, a price-to-earnings ratio of 9.73 and a beta of 0.46.

ANA (OTCMKTS:ALNPY) last announced 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. The business had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $3.98 billion. ANA had a net margin of 6.27% and a return on equity of 12.15%. On average, equities analysts forecast that ANA Holdings Inc. will post 0.29 earnings per share for the current fiscal 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.