Amadeus IT Group (OTCMKTS:AMADY) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Amadeus IT Group SA Unsponsored ADR (OTCMKTS:AMADY) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $70.36 and traded as low as $55.91. Amadeus IT Group shares last traded at $56.79, with a volume of 323,040 shares traded.

Analysts Set New Price Targets

Separately, Citigroup downgraded Amadeus IT Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Amadeus IT Group Stock Up 1.6%

The firm has a 50-day simple moving average of $60.81 and a 200 day simple moving average of $70.36. The company has a market capitalization of $25.58 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 2.27 and a beta of 0.77. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.82 and a quick ratio of 0.82.

Amadeus IT Group (OTCMKTS:AMADY) last posted its quarterly earnings data on Friday, February 27th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.08. Amadeus IT Group had a net margin of 20.45% and a return on equity of 27.61%. The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.89 billion. On average, research analysts predict that Amadeus IT Group SA Unsponsored ADR will post 2.99 EPS for the current fiscal year.

Amadeus IT Group Company Profile

Amadeus IT Group is a global travel-technology company that develops and supplies software and IT services for the travel and tourism industry. Founded in the late 1980s as a technology venture by a group of European airlines, Amadeus has evolved into an integrated provider of distribution, passenger service systems and operations software used across the travel value chain. The company’s platforms support booking, ticketing, departure control, inventory and other core travel transaction functions for industry participants.

Amadeus’s product offering spans a global distribution system used by travel agencies and online travel sellers, airline passenger service systems (notably the Altéa suite), airport operations and departure control solutions, as well as software for hotels, rail operators and car rental companies.