Air Canada (OTCMKTS:ACDVF) Sets New 1-Year Low – What’s Next?

Air Canada (OTCMKTS:ACDVF) shares hit a new 52-week low during trading on Thursday . The stock traded as low as $10.14 and last traded at $10.20, with a volume of 842893 shares trading hands. The stock had previously closed at $10.57.

Air Canada Stock Down 3.2 %

The firm has a 50 day simple moving average of $12.03 and a two-hundred day simple moving average of $13.84. The stock has a market capitalization of $3.19 billion, a P/E ratio of 3.04 and a beta of 2.09. 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 data on Thursday, February 13th. The company reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. Air Canada had a return on equity of 80.37% and a net margin of 7.82%. On average, equities research analysts expect that Air Canada will post 1.66 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.