Amadeus IT Group (OTCMKTS:AMADY) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

Amadeus IT Group SA Unsponsored ADR (OTCMKTS:AMADY) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $61.07 and traded as high as $67.46. Amadeus IT Group shares last traded at $66.93, with a volume of 24,973 shares traded.

Wall Street Analysts Forecast Growth

AMADY has been the subject of several recent analyst reports. Kepler Capital Markets cut shares of Amadeus IT Group from a “hold” rating to a “strong sell” rating in a research report on Monday, June 29th. Morgan Stanley restated an “overweight” rating on shares of Amadeus IT Group in a research report on Monday, May 11th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Amadeus IT Group in a report on Sunday, August 2nd. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold”.

Amadeus IT Group Stock Down 0.7%

The firm has a 50-day simple moving average of $61.24 and a 200 day simple moving average of $60.09. The stock has a market capitalization of $29.04 billion, a P/E ratio of 19.07, a P/E/G ratio of 2.36 and a beta of 0.82. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.74 and a quick ratio of 0.77.

Amadeus IT Group (OTCMKTS:AMADY) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.02. The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.89 billion. Amadeus IT Group had a return on equity of 29.84% and a net margin of 19.86%. On average, equities research analysts forecast that Amadeus IT Group SA Unsponsored ADR will post 4.03 EPS for the current 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.