Air China (OTCMKTS:AIRYY) Shares Pass Below 200 Day Moving Average – Here’s Why

Air China Limited (OTCMKTS:AIRYY)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.61 and traded as low as $9.61. Air China shares last traded at $9.81, with a volume of 308 shares changing hands.

Air China Stock Performance

The firm’s fifty day simple moving average is $9.21 and its 200-day simple moving average is $9.61. The stock has a market cap of $8.14 billion, a P/E ratio of 327.00 and a beta of 0.32.

Air China (OTCMKTS:AIRYY) last released its earnings results on Thursday, August 29th. The transportation company reported ($0.18) earnings per share (EPS) for the quarter. Air China had a negative net margin of 0.34% and a negative return on equity of 1.50%. The firm had revenue of $5.45 billion during the quarter. Analysts predict that Air China Limited will post 0.82 earnings per share for the current fiscal year.

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.