Thales (OTCMKTS:THLLY) Sees Strong Trading Volume – Still a Buy?

Shares of Thales S.A. (OTCMKTS:THLLY) saw unusually-strong trading volume on Monday . Approximately 282,934 shares changed hands during mid-day trading, an increase of 263% from the previous session’s volume of 77,893 shares.The stock last traded at $61.89 and had previously closed at $61.11.

Analyst Ratings Changes

THLLY has been the topic of several recent research reports. Citigroup reaffirmed a “buy” rating on shares of Thales in a research report on Tuesday, July 7th. Zacks Research upgraded Thales to a “hold” rating in a research note on Wednesday, May 13th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Thales Stock Up 0.9%

The company’s 50 day simple moving average is $53.60 and its two-hundred day simple moving average is $56.45.

About Thales

Thales is a global technology leader specializing in the design and integration of advanced systems across the aerospace, defense, transportation and security sectors. The company delivers a wide range of products and services, including avionics and flight management systems for commercial and military aircraft, radar and sonar solutions, secure communications networks, and safety-critical control systems for rail and urban transport. In the security domain, Thales offers identity verification platforms, cybersecurity solutions and data protection services to public and private institutions.

In aerospace, Thales provides cockpit avionics, in-flight entertainment systems and satellite-based navigation equipment that support airlines and aircraft manufacturers worldwide.