Amadeus IT Group (OTCMKTS:AMADY) Shares Cross Below 200-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.

Wall Street Analysts Forecast Growth

Separately, Citigroup lowered 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 issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Amadeus IT Group Stock Performance

The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.52. The company’s fifty day moving average is $60.58 and its 200 day moving average is $70.26. The company has a market cap of $25.68 billion, a P/E ratio of 16.82, a price-to-earnings-growth ratio of 2.31 and a beta of 0.79.

Amadeus IT Group (OTCMKTS:AMADY) last posted its quarterly earnings results on Friday, February 27th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.89 billion. As a group, equities analysts predict that Amadeus IT Group SA Unsponsored ADR will post 2.99 earnings per share 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.