Air Canada (OTCMKTS:ACDVF) Shares Pass Below Fifty Day Moving Average – Here’s What Happened

Shares of Air Canada (OTCMKTS:ACDVF) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $16.07 and traded as low as $13.86. Air Canada shares last traded at $13.86, with a volume of 139,412 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 note on Sunday, November 3rd.

Air Canada Stock Down 0.7 %

The firm’s fifty day simple moving average is $16.07 and its 200-day simple moving average is $13.79. The company has a market cap of $4.71 billion, a PE ratio of 6.05 and a beta of 2.12. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 3.47.

Air Canada (OTCMKTS:ACDVF) last announced its quarterly earnings results on Friday, November 1st. The company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.72. Air Canada had a net margin of 11.53% and a return on equity of 82.89%. The firm had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.48 billion. As a group, equities research analysts expect that Air Canada will post 2.51 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.