Air Canada (OTCMKTS:ACDVF) Stock Passes Below Fifty Day Moving Average of $13.62

Air Canada (OTCMKTS:ACDVF)’s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $13.62 and traded as low as $12.41. Air Canada shares last traded at $12.43, with a volume of 51,488 shares.

Air Canada Stock Down 1.0 %

The company has a current ratio of 0.85, a quick ratio of 0.82 and a debt-to-equity ratio of 15.95. The company has a market capitalization of $4.46 billion, a P/E ratio of 2.97 and a beta of 2.05. The stock has a 50 day moving average price of $13.62 and a 200 day moving average price of $13.72.

Air Canada (OTCMKTS:ACDVF) last posted its earnings results on Thursday, May 2nd. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.22). The firm had revenue of $3.88 billion during the quarter. Air Canada had a net margin of 9.92% and a return on equity of 493.84%. On average, research analysts anticipate that Air Canada will post 2.64 earnings per share for the current fiscal 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.