Air Canada (OTCMKTS:ACDVF) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

Air Canada (OTCMKTS:ACDVF)’s stock price 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 changing hands.

Wall Street Analysts Forecast Growth

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

Air Canada Price Performance

The company has a 50 day moving average price of $15.36 and a 200 day moving average price of $13.82. 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 company has a market capitalization of $4.32 billion, a P/E ratio of 2.62 and a beta of 2.10.

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.