Air Canada (OTCMKTS:ACDVF) Stock Passes Below 50-Day Moving Average – What’s Next?

Air Canada (OTCMKTS:ACDVF)’s share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $13.93 and traded as low as $11.61. Air Canada shares last traded at $11.63, with a volume of 239,171 shares changing hands.

Analyst Upgrades and Downgrades

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

Air Canada Trading Down 3.9 %

The company has a market cap of $3.80 billion, a price-to-earnings ratio of 3.58 and a beta of 2.10. The company’s fifty day moving average is $13.86 and its two-hundred day moving average is $13.92. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.89 and a current ratio of 0.92.

Air Canada (OTCMKTS:ACDVF) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.18 EPS for the quarter, hitting analysts’ consensus estimates of $0.18. Air Canada had a net margin of 7.82% and a return on equity of 80.37%. On average, research analysts anticipate that Air Canada will post 1.66 EPS for the current year.

About Air Canada

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.