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

Indra Sistemas S.A. Unsponsored ADR (OTCMKTS:ISMAY) shares gapped up before the market opened on Monday . The stock had previously closed at $27.56, but opened at $28.9637. Indra Sistemas shares last traded at $28.9637, with a volume of 240 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ISMAY shares. Berenberg Bank raised shares of Indra Sistemas to a “strong-buy” rating in a report on Wednesday, September 17th. The Goldman Sachs Group raised shares of Indra Sistemas from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 8th. Finally, Oddo Bhf upgraded shares of Indra Sistemas to a “neutral” rating in a research report on Monday, October 27th. Three research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

Indra Sistemas Trading Up 5.2%

The company’s fifty day moving average is $22.75 and its two-hundred day moving average is $20.82. The stock has a market cap of $10.25 billion, a price-to-earnings ratio of 24.58 and a beta of 0.77. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.40.

Indra Sistemas (OTCMKTS:ISMAY) last issued its earnings results on Thursday, October 30th. The company reported $0.26 earnings per share for the quarter. The firm had revenue of $1.36 billion for the quarter. Indra Sistemas had a net margin of 7.65% and a return on equity of 29.73%.

About Indra Sistemas

Indra Sistemas, SA operates as a technology and consulting company for aerospace, defense, and mobility business worldwide. The company operates through four segments: Defence, Air Traffic, Mobility, and Minsait. It offers Mova Consulting for planing and designing transport infrastructures; Mova Collect for ticketing, tolling, and back office applications; Mova Traffic for building traffic management and control solutions; Mova Protect for protection of businesses and people; Mova Experience; Mova Comms for connecting the transportation ecosystem with personalized communication solutions; Mova Care that provides infrastructure operation and maintenance, technology operation and maintenance, and transportation services operation and maintenance; and In-Mova Space, a technological mobility and infrastructure management platform.