Air China (OTCMKTS:AIRYY) Shares Gap Down – What’s Next?

Shares of Air China Ltd. (OTCMKTS:AIRYY) gapped down prior to trading on Monday . The stock had previously closed at $15.63, but opened at $12.05. Air China shares last traded at $12.05, with a volume of 1,054 shares.

Air China Stock Performance

The stock has a fifty day simple moving average of $17.52 and a 200 day simple moving average of $16.18. The firm has a market capitalization of $10.72 billion, a P/E ratio of 614.81 and a beta of -0.14. The company has a quick ratio of 0.36, a current ratio of 0.41 and a debt-to-equity ratio of 3.75.

Air China Company Profile

Air China Limited, trading on the OTCMKTS as AIRYY, is the flag carrier of the People’s Republic of China and one of the country’s major state-owned airlines. Established in 1988 following the restructuring of the Civil Aviation Administration of China (CAAC), Air China offers a broad range of air transportation services for passengers and cargo. Its core operations include scheduled domestic flights, international and regional routes, as well as charter services.

The airline operates a diverse fleet of Airbus and Boeing aircraft, serving more than 200 destinations across six continents.