Cathay Pacific Airways (OTCMKTS:CPCAY) Shares Gap Down – Here’s What Happened

by · The Markets Daily

Shares of Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY – Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $9.30, but opened at $8.86. Cathay Pacific Airways shares last traded at $9.19, with a volume of 386 shares.

Wall Street Analyst Weigh In

CPCAY has been the topic of several research reports. Zacks Research cut Cathay Pacific Airways from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Citigroup upgraded Cathay Pacific Airways from a “strong sell” rating to a “buy” rating in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Get Our Latest Stock Analysis on CPCAY

Cathay Pacific Airways Stock Up 0.1%

The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.75. The business’s fifty day moving average price is $8.59 and its 200-day moving average price is $8.19.

About Cathay Pacific Airways

(Get Free Report)

Cathay Pacific Airways Limited (OTCMKTS:CPCAY) is the flag carrier of Hong Kong, operating a comprehensive network of scheduled passenger and cargo services across Asia, Europe, North America and Australasia. The airline’s fleet consists primarily of wide-body aircraft, including Airbus A330, A350 and Boeing 777 models, which are deployed on routes connecting Hong Kong International Airport to more than 80 destinations worldwide. Cathay Pacific is a founding member of the oneworld alliance, enabling seamless travel and loyalty benefits through partnerships with other leading global carriers.

Established in 1946 by American entrepreneur Roy C.

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