Amadeus IT Group (OTCMKTS:AMADY) Stock Price Passes Below 200-Day Moving Average – Here’s What Happened

Amadeus IT Group SA Unsponsored ADR (OTCMKTS:AMADY)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $66.82 and traded as low as $60.87. Amadeus IT Group shares last traded at $61.09, with a volume of 186,767 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on AMADY shares. Citigroup lowered Amadeus IT Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 11th. Jefferies Financial Group restated a “buy” rating on shares of Amadeus IT Group in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Amadeus IT Group currently has a consensus rating of “Moderate Buy”.

Amadeus IT Group Stock Up 0.7%

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 stock has a fifty day moving average price of $59.04 and a two-hundred day moving average price of $66.82. The company has a market cap of $27.52 billion, a P/E ratio of 18.02, a price-to-earnings-growth ratio of 2.45 and a beta of 0.77.

Amadeus IT Group (OTCMKTS:AMADY) last posted its earnings results on Friday, May 8th. The company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.07. Amadeus IT Group had a return on equity of 27.61% and a net margin of 20.45%.The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.92 billion. On average, research analysts expect that Amadeus IT Group SA Unsponsored ADR will post 4.06 EPS 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.