Cathay Pacific Airways (OTCMKTS:CPCAY) Sets New 1-Year High – Time to Buy?

Shares of Cathay Pacific Airways Limited (OTCMKTS:CPCAYGet Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $6.10 and last traded at $6.10, with a volume of 24319 shares changing hands. The stock had previously closed at $6.05.

Cathay Pacific Airways Trading Up 0.9 %

The firm has a fifty day simple moving average of $5.34 and a two-hundred day simple moving average of $5.20.

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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