Indra Sistemas (OTCMKTS:ISMAY) Shares Gap Up – Here’s What Happened

Indra Sistemas S.A. Unsponsored ADR (OTCMKTS:ISMAY) gapped up before the market opened on Friday . The stock had previously closed at $20.12, but opened at $21.00. Indra Sistemas shares last traded at $21.05, with a volume of 745 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ISMAY shares. The Goldman Sachs Group raised shares of Indra Sistemas from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 8th. Berenberg Bank upgraded shares of Indra Sistemas to a “strong-buy” rating in a research report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Strong Buy”.

Indra Sistemas Trading Up 6.4%

The business’s 50 day moving average is $20.72 and its 200-day moving average is $18.64. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.40.

Indra Sistemas Cuts Dividend

The business also recently announced 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 of this dividend was Wednesday, July 9th. This represents a dividend 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.