Air China (OTCMKTS:AIRYY) Hits New 12-Month High – Time to Buy?

Air China Ltd. (OTCMKTS:AIRYY) reached a new 52-week high on Wednesday . The company traded as high as $18.09 and last traded at $18.09, with a volume of 937 shares. The stock had previously closed at $15.20.

Air China Stock Performance

The firm’s fifty day moving average is $16.13 and its 200-day moving average is $14.61. The company has a current ratio of 0.41, a quick ratio of 0.36 and a debt-to-equity ratio of 3.75. The stock has a market capitalization of $14.81 billion, a PE ratio of 892.95 and a beta of -0.09.

Air China (OTCMKTS:AIRYY) last announced its earnings results on Friday, October 31st. The transportation company reported $0.61 earnings per share for the quarter. The company had revenue of $6.86 billion during the quarter. Air China had a net margin of 0.19% and a return on equity of 0.79%. As a group, research analysts anticipate that Air China Ltd. will post 0.11 earnings per share for the current year.

About Air China

Air China Limited, trading on the OTCMKTS as AIRYY, is the flag carrier of the People’s Republic of China and one of the country’s major state-owned airlines. Established in 1988 following the restructuring of the Civil Aviation Administration of China (CAAC), Air China offers a broad range of air transportation services for passengers and cargo. Its core operations include scheduled domestic flights, international and regional routes, as well as charter services.

The airline operates a diverse fleet of Airbus and Boeing aircraft, serving more than 200 destinations across six continents.