Thales (OTCMKTS:THLLY) Shares Down 0.1% – Here’s Why

Thales S.A. (OTCMKTS:THLLY) was down 0.1% during mid-day trading on Thursday . The company traded as low as $61.68 and last traded at $62.72. Approximately 82,616 shares traded hands during mid-day trading, an increase of 12% from the average daily volume of 73,503 shares. The stock had previously closed at $62.80.

Analyst Ratings Changes

THLLY has been the topic of a number of research analyst reports. The Goldman Sachs Group began coverage on shares of Thales in a research report on Friday, September 19th. They set a “sell” rating on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Thales in a research note on Tuesday, September 16th. Finally, Sanford C. Bernstein upgraded shares of Thales to an “outperform” rating in a report on Tuesday. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Thales Stock Down 0.1%

The firm’s 50 day moving average is $54.43 and its 200-day moving average is $56.12.

Thales Announces Dividend

The business also recently announced a dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 2nd were issued a dividend of $0.136 per share. This represents a yield of 115.0%. The ex-dividend date was Monday, December 1st.

About Thales

Thales is a global technology leader specializing in the design and integration of advanced systems across the aerospace, defense, transportation and security sectors. The company delivers a wide range of products and services, including avionics and flight management systems for commercial and military aircraft, radar and sonar solutions, secure communications networks, and safety-critical control systems for rail and urban transport. In the security domain, Thales offers identity verification platforms, cybersecurity solutions and data protection services to public and private institutions.

In aerospace, Thales provides cockpit avionics, in-flight entertainment systems and satellite-based navigation equipment that support airlines and aircraft manufacturers worldwide.