Qantas Airways (OTCMKTS:QUBSF) Shares Down 3.5% – Should You Sell?

Qantas Airways Limited (OTCMKTS:QUBSF)’s share price fell 3.5% on Tuesday . The stock traded as low as $6.61 and last traded at $6.61. 2,000 shares traded hands during mid-day trading, an increase of 8% from the average session volume of 1,849 shares. The stock had previously closed at $6.85.

Qantas Airways Trading Down 3.5%

The business has a fifty day moving average price of $6.51 and a 200-day moving average price of $6.92.

Qantas Airways Company Profile

Qantas Airways Limited is Australia’s flag carrier and one of the world’s oldest continuously operating airlines. Headquartered in Sydney, the company provides scheduled air passenger and freight services across domestic and international markets. Its core business includes mainline passenger operations under the Qantas brand, complemented by regional connectivity through its QantasLink subsidiary.

Qantas operates a mixed fleet of Airbus and Boeing aircraft, serving major domestic routes between Australian cities as well as long-haul flights to Asia, the Americas, Europe and Africa.