Amadeus IT Group (OTCMKTS:AMADY) Sees Strong Trading Volume – Here’s Why

Amadeus IT Group SA Unsponsored ADR (OTCMKTS:AMADY) saw an uptick in trading volume on Tuesday . 863,222 shares traded hands during trading, an increase of 328% from the previous session’s volume of 201,577 shares.The stock last traded at $57.35 and had previously closed at $57.94.

Wall Street Analysts Forecast Growth

Separately, Citigroup downgraded Amadeus IT Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Amadeus IT Group presently has a consensus rating of “Moderate Buy”.

Amadeus IT Group Trading Down 0.7%

The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market capitalization of $25.93 billion, a PE ratio of 16.98, a P/E/G ratio of 2.58 and a beta of 0.77. The company has a 50 day moving average of $62.50 and a two-hundred day moving average of $71.35.

Amadeus IT Group (OTCMKTS:AMADY) last posted its quarterly earnings results on Friday, February 27th. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.08. The business had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Amadeus IT Group had a net margin of 20.45% and a return on equity of 27.12%. Sell-side analysts predict that Amadeus IT Group SA Unsponsored ADR will post 2.99 EPS for the current 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.