Air Canada (OTCMKTS:ACDVF) Shares Pass Below Fifty Day Moving Average – Here’s Why

Air Canada (OTCMKTS:ACDVF)’s stock price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $16.07 and traded as low as $13.86. Air Canada shares last traded at $13.86, with a volume of 139,412 shares traded.

Analyst Ratings Changes

Separately, Stifel Canada raised Air Canada from a “hold” rating to a “strong-buy” rating in a report on Sunday, November 3rd.

Air Canada Price Performance

The company has a debt-to-equity ratio of 3.47, a current ratio of 0.92 and a quick ratio of 0.89. The business’s 50-day moving average price is $16.07 and its two-hundred day moving average price is $13.78. The firm has a market cap of $4.71 billion, a price-to-earnings ratio of 2.86 and a beta of 2.12.

Air Canada (OTCMKTS:ACDVF) last announced its quarterly earnings data on Friday, November 1st. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.72. The company had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.48 billion. Air Canada had a net margin of 11.53% and a return on equity of 82.89%. On average, research analysts forecast that Air Canada will post 2.51 EPS for the current fiscal year.

Air Canada Company Profile

Air Canada provides domestic, U.S. transborder, and international airline services. The company provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.