Amadeus IT Group (OTCMKTS:AMADY) Sees Unusually-High Trading Volume – What’s Next?

Amadeus IT Group SA Unsponsored ADR (OTCMKTS:AMADY) saw unusually-high trading volume on Thursday . Approximately 620,801 shares were traded during trading, an increase of 224% from the previous session’s volume of 191,881 shares.The stock last traded at $61.10 and had previously closed at $62.60.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Citigroup lowered shares of Amadeus IT Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 11th. Santander upgraded shares of Amadeus IT Group to an “outperform” rating in a research report on Friday, November 21st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Amadeus IT Group Stock Performance

The firm has a market capitalization of $27.52 billion, a PE ratio of 18.02, a P/E/G ratio of 2.42 and a beta of 0.77. The business has a 50-day simple moving average of $65.03 and a 200-day simple moving average of $72.77. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.88 and a quick ratio of 0.88.

Amadeus IT Group (OTCMKTS:AMADY) last released its earnings results on Friday, February 27th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.08. Amadeus IT Group had a return on equity of 27.12% and a net margin of 20.45%.The firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.89 billion. Equities research analysts expect that Amadeus IT Group SA Unsponsored ADR will post 2.99 earnings per share for the current fiscal year.

About Amadeus IT Group

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.