Thales (OTCMKTS:THLLY) Shares Gap Up – Should You Buy?

Shares of Thales S.A. (OTCMKTS:THLLY) gapped up before the market opened on Tuesday . The stock had previously closed at $52.53, but opened at $54.65. Thales shares last traded at $54.63, with a volume of 1,769 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Royal Bank Of Canada began coverage on shares of Thales in a report on Tuesday, August 11th. They issued a “moderate buy” rating for the company. Citigroup reaffirmed a “buy” rating on shares of Thales in a research note on Tuesday, July 7th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Thales Price Performance

The firm has a 50-day simple moving average of $56.05 and a two-hundred day simple moving average of $55.94.

Thales Company Profile

Thales is a French technology company that develops systems and services for the aerospace, defense, transportation, digital identity and security markets. Its offerings include avionics, air traffic management systems, radar and communications equipment, satellite and space technologies, cybersecurity solutions, digital identity products, and secure communications systems.

The company serves government agencies, defense organizations, commercial airlines, airports, transportation operators, financial institutions and other businesses.