Short Interest in Amadeus IT Group SA Unsponsored ADR (OTCMKTS:AMADY) Decreases By 16.9%

Amadeus IT Group SA Unsponsored ADR (OTCMKTS:AMADY) saw a large drop in short interest during the month of March. As of March 31st, there was short interest totaling 93,981 shares, a drop of 16.9% from the March 15th total of 113,122 shares. Based on an average daily volume of 646,593 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

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

Amadeus IT Group Stock Up 1.2%

AMADY opened at $61.55 on Friday. Amadeus IT Group has a 1 year low of $54.75 and a 1 year high of $85.89. The firm has a 50 day moving average price of $58.78 and a 200 day moving average price of $68.78. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market cap of $27.73 billion, a PE ratio of 18.15, a price-to-earnings-growth ratio of 2.40 and a beta of 0.79.

Amadeus IT Group (OTCMKTS:AMADY) last announced its quarterly earnings results 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. Amadeus IT Group had a net margin of 20.45% and a return on equity of 27.61%. The firm had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.89 billion. Sell-side analysts expect that Amadeus IT Group will post 2.99 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.