Air China (OTCMKTS:AIRYY) Reaches New 12-Month Low – Here’s Why

Air China Ltd. (OTCMKTS:AIRYY) reached a new 52-week low during trading on Tuesday . The stock traded as low as $10.40 and last traded at $10.40, with a volume of 361 shares trading hands. The stock had previously closed at $10.4004.

Analysts Set New Price Targets

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

Air China Stock Performance

The company has a market cap of $9.07 billion, a PE ratio of 32.50 and a beta of 0.14. 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 business has a 50-day simple moving average of $10.40 and a 200-day simple moving average of $12.92.

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.