Amadeus IT Group (OTCMKTS:AMADY) Hits New 1-Year Low – Here’s Why

Amadeus IT Group SA Unsponsored ADR (OTCMKTS:AMADY)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as $55.15 and last traded at $55.15, with a volume of 12993 shares changing hands. The stock had previously closed at $57.78.

Wall Street Analysts Forecast Growth

AMADY has been the subject of a number of recent analyst reports. Citigroup lowered Amadeus IT Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 11th. Santander upgraded Amadeus IT Group to an “outperform” rating in a research note on Friday, November 21st. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

Amadeus IT Group Stock Down 4.9%

The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $24.76 billion, a P/E ratio of 16.36, a PEG ratio of 2.26 and a beta of 0.77. The company has a fifty day moving average price of $69.70 and a 200-day moving average price of $75.50.

About Amadeus IT Group

Amadeus IT Group is a global travel-technology company that develops and supplies software and IT services for the travel and tourism industry. Founded in the late 1980s as a technology venture by a group of European airlines, Amadeus has evolved into an integrated provider of distribution, passenger service systems and operations software used across the travel value chain. The company’s platforms support booking, ticketing, departure control, inventory and other core travel transaction functions for industry participants.

Amadeus’s product offering spans a global distribution system used by travel agencies and online travel sellers, airline passenger service systems (notably the Altéa suite), airport operations and departure control solutions, as well as software for hotels, rail operators and car rental companies.