Air China (OTCMKTS:AIRYY) Shares Cross Above 200 Day Moving Average on Disappointing Earnings

Air China Limited (OTCMKTS:AIRYY - Get Free Report) passed above its 200-day moving average during trading on Friday following a better than expected earnings announcement. 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 traded.

The transportation company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.26). The business had revenue of $11.54 billion for the quarter, compared to analyst estimates of $38.59 billion. Air China had a negative net margin of 0.26% and a negative return on equity of 1.16%.

Air China Stock Down 10.7 %

The company has a current ratio of 0.27, a quick ratio of 0.23 and a debt-to-equity ratio of 3.46. The stock has a market cap of $9.93 billion, a P/E ratio of -132.98 and a beta of 0.36. The firm has a 50-day simple moving average of $12.53 and a two-hundred day simple moving average of $11.82.

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.