Thales (OTCMKTS:THLLY) Shares Gap Up – Should You Buy?

Shares of Thales S.A. (OTCMKTS:THLLY) gapped up prior to trading on Tuesday . The stock had previously closed at $52.53, but opened at $54.65. Thales shares last traded at $54.63, with a volume of 1,769 shares changing hands.

Wall Street Analyst Weigh In

THLLY has been the subject of several research reports. Citigroup restated a “buy” rating on shares of Thales in a research note on Tuesday, July 7th. Royal Bank Of Canada initiated coverage on Thales in a research note on Tuesday, August 11th. They issued a “moderate buy” rating on the stock. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Thales Trading Up 3.9%

The company has a 50-day moving average price of $56.05 and a 200-day moving average price of $55.94.

About Thales

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.