Air Canada (OTCMKTS:ACDVF) Share Price Crosses Above 50-Day Moving Average of $11.52

Air Canada (OTCMKTS:ACDVF)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $11.52 and traded as high as $12.17. Air Canada shares last traded at $11.95, with a volume of 16,564 shares trading hands.

Air Canada Stock Performance

The stock has a market capitalization of $4.38 billion, a PE ratio of 2.96 and a beta of 2.07. The company has a debt-to-equity ratio of 9.32, a quick ratio of 0.81 and a current ratio of 0.85. The firm has a 50 day moving average of $11.52 and a 200-day moving average of $12.82.

Air Canada (OTCMKTS:ACDVF) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.10. Air Canada had a net margin of 7.95% and a return on equity of 188.94%. The business had revenue of $4.03 billion during the quarter. Research analysts forecast that Air Canada will post 1.68 earnings per share for the current 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.