AirAsia Group Berhad (OTCMKTS:AIABF) Trading Down 10%

AirAsia Group Berhad (OTCMKTS:AIABF) traded down 10% on Tuesday . The stock traded as low as $0.18 and last traded at $0.18, 300 shares were traded during mid-day trading. A decline of 94% from the average session volume of 5,220 shares. The stock had previously closed at $0.20.

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. assumed coverage on AirAsia Group Berhad in a research report on Monday, December 16th. They issued a “neutral” rating for the company. CLSA downgraded AirAsia Group Berhad to a “sell” rating in a research report on Sunday, February 9th.

The firm has a 50-day moving average price of $0.30.

AirAsia Group Berhad Company Profile (OTCMKTS:AIABF)

AirAsia Group Berhad, an investment holding company, provides commercial air transportation services in Malaysia, Thailand, Indonesia, the Philippines, India, and Japan under the AirAsia brand. It also offers management, tour operating, aircraft leasing, ground handling, shared and outsourcing, central depository, financial and other related, event ticketing, and consultancy services, as well as services in the areas of information technology design, development, and implementation; facilitates business transactions for AirAsia Group with non-resident goods and service providers; and trades in coffee and tea related products, and multimedia content and equipment.

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