Indra Sistemas (OTCMKTS:ISMAY) Stock Passes Above 50 Day Moving Average – Here’s Why

Indra Sistemas S.A. Unsponsored ADR (OTCMKTS:ISMAY)’s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $30.23 and traded as high as $34.29. Indra Sistemas shares last traded at $34.0050, with a volume of 4,833 shares changing hands.

Analysts Set New Price Targets

Separately, Morgan Stanley upgraded shares of Indra Sistemas to an “overweight” rating in a research report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Indra Sistemas has a consensus rating of “Buy”.

Indra Sistemas Price Performance

The firm has a market cap of $12.65 billion, a price-to-earnings ratio of 24.35 and a beta of 0.64. The business’s 50-day simple moving average is $30.40 and its two-hundred day simple moving average is $30.93. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.63.

Indra Sistemas (OTCMKTS:ISMAY) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $0.48 earnings per share (EPS) for the quarter. The firm had revenue of $2.14 billion for the quarter. Indra Sistemas had a net margin of 7.12% and a return on equity of 23.74%.

About Indra Sistemas

Indra Sistemas SA is a Madrid-based global technology and consulting firm specializing in information and communications technology (ICT) and defense systems. The company designs, develops and implements turnkey solutions for sectors including transportation, energy, public administration, financial services, telecommunications and security. Through system integration, application development, managed services and outsourcing, Indra helps clients navigate digital transformation and optimize operational performance.

In its defense and security business, Indra delivers radar systems, air traffic management platforms, command-and-control centers, simulation and training tools, as well as cybersecurity solutions.