Air Canada (OTCMKTS:ACDVF) Sets New 12-Month Low – Here’s What Happened

Air Canada (OTCMKTS:ACDVF)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $9.15 and last traded at $9.15, with a volume of 814703 shares. The stock had previously closed at $9.62.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group lowered shares of Air Canada to an “underperform” rating in a research report on Tuesday, April 1st.

Air Canada Price Performance

The firm has a market capitalization of $2.95 billion, a P/E ratio of 2.82 and a beta of 1.82. The company has a current ratio of 0.92, a quick ratio of 0.89 and a debt-to-equity ratio of 3.47. The firm has a 50 day moving average price of $11.52 and a 200-day moving average price of $13.78.

Air Canada (OTCMKTS:ACDVF) last announced its earnings results on Thursday, February 13th. The company reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18. Air Canada had a net margin of 7.82% and a return on equity of 80.37%. On average, 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.