Air Canada (OTCMKTS:ACDVF) Stock Price Passes Below Fifty Day Moving Average – What’s Next?

Shares of Air Canada (OTCMKTS:ACDVF) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $15.36 and traded as low as $12.61. Air Canada shares last traded at $12.70, with a volume of 462,132 shares traded.

Analysts Set New Price Targets

Separately, Stifel Canada raised Air Canada from a “hold” rating to a “strong-buy” rating in a research report on Sunday, November 3rd.

Air Canada Trading Up 0.1 %

The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.89 and a current ratio of 0.92. The stock has a market capitalization of $4.32 billion, a price-to-earnings ratio of 2.62 and a beta of 2.10. The business has a fifty day simple moving average of $15.36 and a 200 day simple moving average of $13.82.

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.