Air Canada (OTCMKTS:ACDVF) Sets New 52-Week Low – What’s Next?

Air Canada (OTCMKTS:ACDVF) shares hit a new 52-week low on Tuesday . The stock traded as low as $9.15 and last traded at $9.15, with a volume of 814703 shares traded. The stock had previously closed at $9.62.

Analyst Upgrades and Downgrades

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

Air Canada Trading Down 4.9 %

The firm has a market capitalization of $2.95 billion, a PE ratio of 2.82 and a beta of 1.82. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 3.47. The company’s 50-day simple moving average is $11.52 and its 200 day simple moving average is $13.78.

Air Canada (OTCMKTS:ACDVF) last announced its earnings results on Thursday, February 13th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. Air Canada had a return on equity of 80.37% and a net margin of 7.82%. As a group, sell-side analysts expect that Air Canada will post 1.66 EPS for the current 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.