Indra Sistemas (OTCMKTS:ISMAY) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Indra Sistemas S.A. Unsponsored ADR (OTCMKTS:ISMAY) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $30.92 and traded as low as $28.81. Indra Sistemas shares last traded at $29.17, with a volume of 8,114 shares trading hands.

Analyst Ratings Changes

Separately, Morgan Stanley upgraded Indra Sistemas to an “overweight” rating in a research note on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Indra Sistemas has an average rating of “Buy”.

Indra Sistemas Price Performance

The business’s 50 day simple moving average is $29.83 and its 200 day simple moving average is $30.92. The stock has a market cap of $10.31 billion, a P/E ratio of 19.58 and a beta of 0.66.

About Indra Sistemas

Indra Sistemas SA is a Madrid-based global technology and consulting firm specializing in information and communications technology (ICT) and defense systems. The company designs, develops and implements turnkey solutions for sectors including transportation, energy, public administration, financial services, telecommunications and security. Through system integration, application development, managed services and outsourcing, Indra helps clients navigate digital transformation and optimize operational performance.

In its defense and security business, Indra delivers radar systems, air traffic management platforms, command-and-control centers, simulation and training tools, as well as cybersecurity solutions.