Air Canada (OTCMKTS:ACDVF) Share Price Crosses Below 50-Day Moving Average – Time to Sell?

Air Canada (OTCMKTS:ACDVF) shares passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $12.80 and traded as low as $10.65. Air Canada shares last traded at $10.86, with a volume of 255,833 shares changing hands.

Air Canada Trading Up 1.8 %

The business has a fifty day moving average price of $12.80 and a 200 day moving average price of $13.93. The firm has a market cap of $3.51 billion, a PE ratio of 3.34 and a beta of 2.09. The company has a current ratio of 0.92, a quick ratio of 0.89 and a debt-to-equity ratio of 3.47.

Air Canada (OTCMKTS:ACDVF) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.18 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.18. Air Canada had a return on equity of 80.37% and a net margin of 7.82%. Analysts forecast that Air Canada will post 1.66 EPS for the current 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.