Air China Limited (OTCMKTS:AIRYY – Get Free Report)’s stock price passed above its 200-day moving average during trading on Friday after the company announced better than expected quarterly earnings. The stock has a 200-day moving average of $11.70 and traded as high as $13.61. Air China shares last traded at $13.61, with a volume of 267 shares trading hands.
The transportation company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.26). Air China had a negative return on equity of 1.16% and a negative net margin of 0.26%. The company had revenue of $11.54 billion for the quarter, compared to analysts’ expectations of $38.59 billion.
Air China Stock Performance
The company has a market capitalization of $11.29 billion, a PE ratio of -151.21 and a beta of 0.36. The stock has a 50-day simple moving average of $12.56 and a 200 day simple moving average of $11.72. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.27 and a quick ratio of 0.23.
Air China Company Profile
Air China Limited, together with its subsidiaries, provides air passenger, air cargo, and airline-related services in Mainland China, Hong Kong, Macau, Taiwan, China, and internationally. The company operates in Airline Operations and Other Operations segments. It provides aircraft engineering and airport ground handling services.
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