Air China (OTCMKTS:AIRYY) Sets New 1-Year High – Should You Buy?

Air China Ltd. (OTCMKTS:AIRYYGet Free Report)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $19.00 and last traded at $19.00, with a volume of 120 shares changing hands. The stock had previously closed at $18.22.

Air China Stock Performance

The stock has a 50-day moving average of $17.53 and a 200 day moving average of $15.47. The firm has a market capitalization of $16.58 billion, a P/E ratio of 950.48 and a beta of -0.11. The company has a debt-to-equity ratio of 3.75, a quick ratio of 0.36 and a current ratio of 0.41.

Air China Company Profile

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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.

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