Amadeus IT Group (OTCMKTS:AMADY) Shares Gap Down – Time to Sell?

Amadeus IT Group SA Unsponsored ADR (OTCMKTS:AMADY)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $73.79, but opened at $71.14. Amadeus IT Group shares last traded at $71.4290, with a volume of 10,030 shares traded.

Analysts Set New Price Targets

AMADY has been the subject of several recent analyst reports. Santander upgraded shares of Amadeus IT Group to an “outperform” rating in a research note on Friday, November 21st. Oddo Bhf lowered shares of Amadeus IT Group to a “neutral” rating in a report on Wednesday, September 24th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy”.

Amadeus IT Group Stock Performance

The company’s fifty day simple moving average is $73.71 and its 200 day simple moving average is $78.43. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $32.22 billion, a price-to-earnings ratio of 21.29, a P/E/G ratio of 2.95 and a beta of 0.80.

Amadeus IT Group (OTCMKTS:AMADY) last issued its quarterly earnings data on Friday, November 7th. The company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.04. Amadeus IT Group had a return on equity of 27.25% and a net margin of 21.10%.The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.88 billion. On average, equities research analysts expect that Amadeus IT Group SA Unsponsored ADR will post 2.99 earnings per share 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.