Indra Sistemas (OTCMKTS:ISMAY) Shares Gap Down – Here’s Why

Indra Sistemas S.A. Unsponsored ADR (OTCMKTS:ISMAY) gapped down prior to trading on Monday. The stock had previously closed at $35.4650, but opened at $34.33. Indra Sistemas shares last traded at $34.4520, with a volume of 621 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley raised Indra Sistemas to an “overweight” rating in a research note on Tuesday, July 14th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Indra Sistemas Trading Up 2.8%

The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $12.43 billion, a P/E ratio of 23.94 and a beta of 0.69. The business has a 50 day moving average price of $34.95 and a 200 day moving average price of $32.14.

Indra Sistemas (OTCMKTS:ISMAY) last released its quarterly earnings data on Thursday, July 23rd. The company reported $0.48 earnings per share for the quarter. The business had revenue of $2.14 billion for the quarter. Indra Sistemas had a net margin of 7.12% and a return on equity of 22.61%.

Indra Sistemas Company Profile

Indra Sistemas, SA is a Spanish technology and consulting company headquartered in Madrid. Established in 1993, the company develops technology solutions for governments, businesses and infrastructure operators, with activities spanning information technology, digital transformation, defense and security, transportation, and air traffic management.

Through its Minsait business, Indra provides consulting, systems integration, cybersecurity, data and analytics, cloud, and digital services.