Amadeus IT Group (OTCMKTS:AMADY) Stock Passes Below 200 Day Moving Average – Time to Sell?

Shares of Amadeus IT Group SA Unsponsored ADR (OTCMKTS:AMADY) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $61.05 and traded as low as $55.47. Amadeus IT Group shares last traded at $55.4950, with a volume of 44,613 shares.

Analysts Set New Price Targets

A number of research analysts have issued reports on AMADY shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Amadeus IT Group in a report on Monday, May 11th. Jefferies Financial Group reissued a “buy” rating on shares of Amadeus IT Group in a research note on Friday, May 8th. Finally, Kepler Capital Markets cut Amadeus IT Group from a “hold” rating to a “strong sell” rating in a report on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Amadeus IT Group Trading Down 0.4%

The company has a debt-to-equity ratio of 0.53, a current ratio of 0.77 and a quick ratio of 0.77. The company has a market cap of $25.00 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 2.22 and a beta of 0.82. The business’s 50-day simple moving average is $59.41 and its 200-day simple moving average is $61.05.

Amadeus IT Group (OTCMKTS:AMADY) last released its quarterly earnings results on Friday, May 8th. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.94 by $0.07. Amadeus IT Group had a net margin of 20.35% and a return on equity of 28.72%. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.92 billion. Research analysts predict that Amadeus IT Group SA Unsponsored ADR will post 3.95 earnings per share for the current fiscal year.

Amadeus IT Group Company Profile

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.