Amadeus IT Group (OTCMKTS:AMADY) Shares Gap Down – Here’s Why

Amadeus IT Group SA Unsponsored ADR (OTCMKTS:AMADY) gapped down prior to trading on Wednesday . The stock had previously closed at $66.83, but opened at $63.25. Amadeus IT Group shares last traded at $62.7527, with a volume of 6,829 shares changing hands.

Analyst Ratings Changes

AMADY has been the topic of several research reports. Jefferies Financial Group reissued a “buy” rating on shares of Amadeus IT Group in a research report on Sunday, August 2nd. Kepler Capital Markets downgraded Amadeus IT Group from a “hold” rating to a “strong sell” rating in a research report on Monday, June 29th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Amadeus IT Group Price Performance

The company has a market cap of $27.50 billion, a PE ratio of 18.05, a price-to-earnings-growth ratio of 2.22 and a beta of 0.84. The business’s 50 day moving average price is $62.65 and its 200-day moving average price is $60.62. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.55.

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

About Amadeus IT Group

Amadeus IT Group SA is a Spanish travel technology company that provides software, data, and transaction-processing solutions for the global travel industry. Its platforms connect travel suppliers with agencies, corporations, and travelers, supporting the search, booking, sale, and servicing of travel products.

The company’s services include global distribution technology for air travel, airline reservation and passenger-service systems, airport operations software, hotel and hospitality solutions, and tools for travel agencies and corporate travel management.