Air China (OTCMKTS:AIRYY) Reaches New 1-Year Low – Here’s What Happened

Shares of Air China Ltd. (OTCMKTS:AIRYY) hit a new 52-week low on Monday . The stock traded as low as $9.0475 and last traded at $9.0475, with a volume of 354 shares trading hands. The stock had previously closed at $9.69.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Air China to a “hold” rating in a report on Friday, August 7th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Air China Trading Down 6.6%

The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 4.13. The company has a market capitalization of $7.89 billion, a PE ratio of 28.27 and a beta of 0.13. The stock’s fifty day moving average price is $10.29 and its two-hundred day moving average price is $11.89.

About Air China

Air China Limited is a China-based airline and the country’s national flag carrier. Headquartered in Beijing, the company provides scheduled passenger and air cargo transportation services, along with aircraft maintenance, airport services and other aviation-related activities.

Founded in 1988, Air China operates an extensive network linking major cities in mainland China with destinations across Asia, Europe, North America, Oceania and other international markets. Its services include domestic and international flights, connecting passengers through key hubs such as Beijing, Chengdu and Shanghai.

Air China is part of China National Aviation Holding Corporation and has interests in or relationships with several aviation businesses, including Shenzhen Airlines and Air Macau.