Amadeus IT Group (OTCMKTS:AMADY) Sees Unusually-High Trading Volume – Here’s Why

Amadeus IT Group SA Unsponsored ADR (OTCMKTS:AMADY) saw unusually-high trading volume on Thursday . Approximately 671,724 shares changed hands during mid-day trading, an increase of 208% from the previous session’s volume of 218,066 shares.The stock last traded at $57.4340 and had previously closed at $56.17.

Analysts Set New Price Targets

Separately, Citigroup downgraded shares of Amadeus IT Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

Amadeus IT Group Trading Up 2.2%

The business’s 50-day moving average price is $58.87 and its two-hundred day moving average price is $67.46. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market cap of $25.87 billion, a price-to-earnings ratio of 16.94, a price-to-earnings-growth ratio of 2.30 and a beta of 0.79.

Amadeus IT Group (OTCMKTS:AMADY) last posted its quarterly earnings data on Friday, February 27th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.08. The business had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.89 billion. Amadeus IT Group had a net margin of 20.45% and a return on equity of 27.61%. Equities analysts expect that Amadeus IT Group SA Unsponsored ADR will post 4.09 earnings per share for the current year.

About Amadeus IT Group

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.