Air China (OTCMKTS:AIRYY) Sees Strong Trading Volume – Time to Buy?

Shares of Air China Ltd. (OTCMKTS:AIRYY) saw an uptick in trading volume on Monday . 1,197 shares changed hands during trading, an increase of 225% from the previous session’s volume of 368 shares.The stock last traded at $12.20 and had previously closed at $12.20.

Wall Street Analyst Weigh In

Separately, Zacks Research cut Air China from a “hold” rating to a “strong sell” rating in a report on Friday, March 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Air China Stock Performance

The company has a market capitalization of $10.64 billion, a P/E ratio of 38.13 and a beta of 0.09. The company has a debt-to-equity ratio of 4.13, a current ratio of 0.30 and a quick ratio of 0.26. The company has a fifty day moving average price of $13.95 and a two-hundred day moving average price of $15.95.

Air China (OTCMKTS:AIRYY) last released its quarterly earnings results on Wednesday, April 29th. The transportation company reported $0.29 earnings per share for the quarter, topping the consensus estimate of ($0.73) by $1.02. The company had revenue of $6.43 billion for the quarter, compared to analysts’ expectations of $2.39 billion. Air China had a return on equity of 5.01% and a net margin of 1.12%.

About Air China

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.