Thales (OTCMKTS:THLLY) Shares Gap Down – Time to Sell?

Thales S.A. (OTCMKTS:THLLY) gapped down before the market opened on Friday. The stock had previously closed at $54.23, but opened at $52.55. Thales shares last traded at $52.77, with a volume of 10,912 shares.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on THLLY shares. Royal Bank Of Canada assumed coverage on Thales in a report on Tuesday, August 11th. They issued a “moderate buy” rating on the stock. Citigroup restated a “buy” rating on shares of Thales in a report on Tuesday, July 7th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Thales Trading Down 0.7%

The business has a 50-day moving average of $56.52 and a 200-day moving average of $55.71.

Thales Company Profile

Thales is a French technology company that develops systems and services for the aerospace, defense, transportation, digital identity and security markets. Its offerings include avionics, air traffic management systems, radar and communications equipment, satellite and space technologies, cybersecurity solutions, digital identity products, and secure communications systems.

The company serves government agencies, defense organizations, commercial airlines, airports, transportation operators, financial institutions and other businesses.