CATHAY PAC AIRW/S (OTCMKTS:CPCAY) Stock Price Passes Below Two Hundred Day Moving Average of $7.04

CATHAY PAC AIRW/S (OTCMKTS:CPCAY) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.04 and traded as low as $6.49. CATHAY PAC AIRW/S shares last traded at $6.50, with a volume of 17,593 shares changing hands.

Several research firms have recently commented on CPCAY. Morgan Stanley downgraded shares of CATHAY PAC AIRW/S from an “overweight” rating to an “equal weight” rating in a research report on Monday, July 22nd. ValuEngine raised shares of CATHAY PAC AIRW/S from a “hold” rating to a “buy” rating in a research report on Wednesday, October 9th. Finally, Zacks Investment Research raised shares of CATHAY PAC AIRW/S from a “sell” rating to a “hold” rating in a research report on Friday.

The company has a market capitalization of $5.07 billion, a P/E ratio of 16.97 and a beta of 0.97. The firm’s 50-day moving average price is $6.30 and its 200 day moving average price is $7.03.

About CATHAY PAC AIRW/S (OTCMKTS:CPCAY)

Cathay Pacific Airways Limited, together with its subsidiaries, operates as an airline that provides scheduled passenger and cargo services to approximately 200 destinations in Asia, North America, Australia, Europe, and Africa. It operates in two segments, Airline Business and Non-Airline Business. The company conducts airline operations principally to and from Hong Kong.

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