Amadeus IT Group (OTCMKTS:AMADY) Shares Gap Down – Here’s Why

Shares of Amadeus IT Group SA Unsponsored ADR (OTCMKTS:AMADY) gapped down prior to trading 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.

Analyst Ratings Changes

Several equities analysts have recently commented on AMADY shares. Oddo Bhf downgraded shares of Amadeus IT Group to a “neutral” rating in a report on Wednesday, September 24th. Santander upgraded shares of Amadeus IT Group to an “outperform” rating in a report on Friday, November 21st. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Amadeus IT Group currently has an average rating of “Buy”.

Amadeus IT Group Stock Performance

The business’s fifty day moving average is $73.46 and its two-hundred day moving average is $78.28. The stock has a market capitalization of $31.72 billion, a PE ratio of 20.96, a price-to-earnings-growth ratio of 2.86 and a beta of 0.80. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.50.

Amadeus IT Group (OTCMKTS:AMADY) last released its quarterly earnings results on Friday, November 7th. The company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.04. Amadeus IT Group had a net margin of 21.10% and a return on equity of 27.25%. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.88 billion. As a group, research analysts anticipate that Amadeus IT Group SA Unsponsored ADR will post 2.99 EPS for the current fiscal 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.