Amadeus IT Group (OTCMKTS:AMADY) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Amadeus IT Group SA Unsponsored ADR (OTCMKTS:AMADY)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $61.05 and traded as low as $55.47. Amadeus IT Group shares last traded at $55.4950, with a volume of 44,613 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Jefferies Financial Group restated a “buy” rating on shares of Amadeus IT Group in a research report on Friday, May 8th. Kepler Capital Markets downgraded Amadeus IT Group from a “hold” rating to a “strong sell” rating in a research report on Monday, June 29th. Finally, Morgan Stanley restated an “overweight” rating on shares of Amadeus IT Group in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Amadeus IT Group Price Performance

The stock has a market cap of $25.27 billion, a price-to-earnings ratio of 15.89, a P/E/G ratio of 2.21 and a beta of 0.82. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.53. The company’s fifty day moving average is $59.25 and its two-hundred day moving average is $60.89.

Amadeus IT Group (OTCMKTS:AMADY) last released its quarterly earnings results on Friday, May 8th. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.94 by $0.07. The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.92 billion. Amadeus IT Group had a return on equity of 28.72% and a net margin of 20.35%. As a group, research analysts predict that Amadeus IT Group SA Unsponsored ADR will post 3.95 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.