Cathay Pacific Airways (OTCMKTS:CPCAY) Hits New 12-Month High – Should You Buy?

Cathay Pacific Airways Limited (OTCMKTS:CPCAYGet Free Report) shares hit a new 52-week high during trading on Friday . The stock traded as high as $5.90 and last traded at $5.90, with a volume of 34869 shares trading hands. The stock had previously closed at $5.81.

Cathay Pacific Airways Stock Performance

The firm has a 50 day simple moving average of $5.24 and a 200 day simple moving average of $5.18.

About Cathay Pacific Airways

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Cathay Pacific Airways Limited, together with its subsidiaries, offers international passenger and air cargo transportation services. The company conducts airline operations principally to and from Hong Kong. It also engages in the property investment and travel reward program; operates as a travel tour operator; and provision of financial, aircraft acquisition facilitation, airline catering, information processing, aircraft ramp handling, laundry and dry cleaning, ground handling, and cargo terminal services.

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