Air Canada (OTCMKTS:ACDVF) Stock Price Crosses Below 50 Day Moving Average – Here’s Why

Air Canada (OTCMKTS:ACDVF)’s share price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $12.80 and traded as low as $10.65. Air Canada shares last traded at $10.86, with a volume of 255,833 shares.

Air Canada Price Performance

The company has a fifty day simple moving average of $12.71 and a two-hundred day simple moving average of $13.92. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of 3.27 and a beta of 2.09. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.89 and a current ratio of 0.92.

Air Canada (OTCMKTS:ACDVF) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.18 EPS for the quarter, meeting analysts’ consensus estimates of $0.18. Air Canada had a return on equity of 80.37% and a net margin of 7.82%. As a group, equities research analysts expect that Air Canada will post 1.66 earnings per share for the current fiscal year.

Air Canada Company Profile

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.