Amadeus IT Group (OTCMKTS:AMADY) Shares Cross Below 50 Day Moving Average - Here's Why

Key Points

• Amadeus IT Group shares fell below their 50-day moving average, reaching $63.10 compared with the $63.40 average, before last trading at $63.50 on volume of 41,035 shares.
• Analyst sentiment is mixed: four analysts rate the stock Buy, two Hold, and one Sell, resulting in a consensus Hold rating.
• The company exceeded quarterly expectations, reporting $1.03 EPS versus the $1.01 estimate and revenue of $1.92 billion versus the $1.89 billion forecast.

Amadeus IT Group SA Unsponsored ADR (OTCMKTS:AMADY - Get Free Report)'s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $63.40 and traded as low as $63.10. Amadeus IT Group shares last traded at $63.50, with a volume of 41,035 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have commented on AMADY. Jefferies Financial Group restated a "buy" rating on shares of Amadeus IT Group in a report on Sunday, August 2nd. Deutsche Bank Aktiengesellschaft raised Amadeus IT Group to a "buy" rating in a research report on Wednesday, September 16th. Finally, Kepler Capital Markets lowered Amadeus IT Group from a "hold" rating to a "strong sell" rating in a research note on Monday, June 29th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Amadeus IT Group presently has a consensus rating of "Hold".

Amadeus IT Group Trading Up 0.7%

The company has a 50 day moving average of $63.40 and a two-hundred day moving average of $60.85. The stock has a market capitalization of $27.40 billion, a PE ratio of 17.99, a P/E/G ratio of 2.22 and a beta of 0.84. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.74 and a current ratio of 0.74.

Amadeus IT Group (OTCMKTS:AMADY - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.02. The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.89 billion. Amadeus IT Group had a return on equity of 29.84% and a net margin of 19.86%. Sell-side analysts predict that Amadeus IT Group SA Unsponsored ADR will post 4.03 EPS for the current year.

Amadeus IT Group Company Profile

Amadeus IT Group SA is a Spanish travel technology company that provides software, data, and transaction-processing solutions for the global travel industry. Its platforms connect travel suppliers with agencies, corporations, and travelers, supporting the search, booking, sale, and servicing of travel products.

The company's services include global distribution technology for air travel, airline reservation and passenger-service systems, airport operations software, hotel and hospitality solutions, and tools for travel agencies and corporate travel management.

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