Amadeus IT Group (OTCMKTS:AMADY) Sees Strong Trading Volume – Should You Buy?

Shares of Amadeus IT Group SA Unsponsored ADR (OTCMKTS:AMADY) saw unusually-high trading volume on Thursday . Approximately 620,801 shares traded hands during trading, an increase of 224% from the previous session’s volume of 191,881 shares.The stock last traded at $61.10 and had previously closed at $62.60.

Wall Street Analyst Weigh In

AMADY has been the topic of several research reports. Santander upgraded Amadeus IT Group to an “outperform” rating in a report on Friday, November 21st. Citigroup lowered Amadeus IT Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Amadeus IT Group Stock Performance

The business has a fifty day simple moving average of $65.03 and a two-hundred day simple moving average of $72.77. The company has a market cap of $27.52 billion, a PE ratio of 18.02, a price-to-earnings-growth ratio of 2.42 and a beta of 0.77. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.88 and a quick ratio of 0.88.

Amadeus IT Group (OTCMKTS:AMADY) last announced its earnings results on Friday, February 27th. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.08. Amadeus IT Group had a net margin of 20.45% and a return on equity of 27.12%. The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.89 billion. Research analysts anticipate that Amadeus IT Group SA Unsponsored ADR will post 2.99 earnings per share for the current year.

Amadeus IT Group Company Profile

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.