Indra Sistemas (OTCMKTS:ISMAY) Shares Gap Down - What's Next?

Key Points

• Indra Sistemas shares gapped down from $20.29 to $19.50 prior to trading, with a total trading volume of 215 shares on the opening day.
• Analysts have upgraded Indra Sistemas, with Kepler Capital Markets and Goldman Sachs both issuing a strong-buy rating, while the stock currently holds a consensus rating of "Buy."
• The company recently declared a dividend of $0.0882 per share, yielding 42.0%, with a payout ratio of 6.78%.

Indra Sistemas S.A. Unsponsored ADR (OTCMKTS:ISMAY - Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $20.29, but opened at $19.50. Indra Sistemas shares last traded at $19.50, with a volume of 215 shares.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ISMAY. The Goldman Sachs Group raised Indra Sistemas from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 8th. Kepler Capital Markets upgraded Indra Sistemas from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 20th. Finally, BNP Paribas assumed coverage on Indra Sistemas in a report on Tuesday, May 13th. They issued a "neutral" rating for the company. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Buy".

Indra Sistemas Trading Up 5.2%

The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.40. The stock has a fifty day moving average price of $21.01 and a 200-day moving average price of $17.15.

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. This represents a yield of 42.0%. The ex-dividend date of this dividend was Wednesday, July 9th. Indra Sistemas's payout ratio is currently 7.63%.

Indra Sistemas Company Profile

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.