Indra Sistemas (OTCMKTS:ISMAY) Shares Cross Below Fifty Day Moving Average - Should You Sell?

Key Points

• Indra Sistemas' share price has fallen below its 50-day moving average, trading at $20.28 compared to the average of $20.74, triggering concerns about potential selling.
• Goldman Sachs upgraded Indra Sistemas from a "hold" rating to a "strong buy" rating, contributing to a consensus "Buy" rating among analysts.
• The company recently paid a dividend of $0.0882 per share, reflecting a dividend yield of 42.0% and a payout ratio of 6.78%.

Indra Sistemas S.A. Unsponsored ADR (OTCMKTS:ISMAY - Get Free Report) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $20.74 and traded as low as $20.12. Indra Sistemas shares last traded at $20.28, with a volume of 1,414 shares.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ISMAY shares. The Goldman Sachs Group upgraded shares of Indra Sistemas from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 8th. Berenberg Bank upgraded shares of Indra Sistemas to a "strong-buy" rating in a report on Wednesday. Three analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Strong Buy".

Indra Sistemas Price Performance

The firm has a 50 day moving average of $20.72 and a two-hundred day moving average of $18.64. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.24 and a current ratio of 1.24.

Indra Sistemas Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, July 25th. Shareholders of record on Thursday, July 10th were paid a $0.0882 dividend. The ex-dividend date was Wednesday, July 9th. This represents a yield of 42.0%. Indra Sistemas's payout ratio is currently 7.63%.

About Indra Sistemas

Indra Sistemas, SA operates as a technology and consulting company for aerospace, defense, and mobility business worldwide. The company operates through four segments: Defence, Air Traffic, Mobility, and Minsait. It offers Mova Consulting for planing and designing transport infrastructures; Mova Collect for ticketing, tolling, and back office applications; Mova Traffic for building traffic management and control solutions; Mova Protect for protection of businesses and people; Mova Experience; Mova Comms for connecting the transportation ecosystem with personalized communication solutions; Mova Care that provides infrastructure operation and maintenance, technology operation and maintenance, and transportation services operation and maintenance; and In-Mova Space, a technological mobility and infrastructure management platform.