Air Canada (OTCMKTS:ACDVF) Reaches New 52-Week Low - Here's What Happened

Shares of Air Canada (OTCMKTS:ACDVF - Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $9.15 and last traded at $9.15, with a volume of 814703 shares changing hands. The stock had previously closed at $9.62.

Analysts Set New Price Targets

Separately, Jefferies Financial Group cut Air Canada to an "underperform" rating in a report on Tuesday, April 1st.

Air Canada Trading Up 3.3 %

The stock has a market cap of $3.15 billion, a PE ratio of 3.00 and a beta of 1.82. The company's 50-day moving average price is $11.06 and its 200 day moving average price is $13.66. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.89 and a current ratio of 0.92.

Air Canada (OTCMKTS:ACDVF - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. Air Canada had a return on equity of 80.37% and a net margin of 7.82%. On average, sell-side analysts forecast that Air Canada will post 1.66 EPS for the current fiscal year.

About Air Canada

Air Canada provides domestic, U.S. transborder, and international airline services. The company provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.