Amadeus IT Group (OTCMKTS:AMADY) Shares Pass Below 200-Day Moving Average – What’s Next?

Shares of Amadeus IT Group SA Unsponsored ADR (OTCMKTS:AMADY) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $63.58 and traded as low as $58.67. Amadeus IT Group shares last traded at $59.25, with a volume of 64,029 shares.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Jefferies Financial Group reissued a “buy” rating on shares of Amadeus IT Group in a research report on Friday, May 8th. Morgan Stanley reiterated an “overweight” rating on shares of Amadeus IT Group in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Amadeus IT Group has an average rating of “Moderate Buy”.

Amadeus IT Group Stock Performance

The stock’s 50-day moving average price is $60.15 and its 200-day moving average price is $63.58. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $26.69 billion, a P/E ratio of 16.78, a P/E/G ratio of 2.34 and a beta of 0.80.

Amadeus IT Group (OTCMKTS:AMADY) last announced its quarterly earnings data 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 net margin of 20.35% and a return on equity of 28.72%. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.92 billion. As a group, equities analysts expect that Amadeus IT Group SA Unsponsored ADR will post 4.05 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.