Thales (OTCMKTS:THLLY) Shares Down 0.9% – Here’s What Happened

Shares of Thales S.A. (OTCMKTS:THLLY) fell 0.9% during trading on Thursday . The stock traded as low as $61.08 and last traded at $61.66. 89,207 shares traded hands during trading, an increase of 10% from the average session volume of 81,253 shares. The stock had previously closed at $62.24.

Analysts Set New Price Targets

THLLY has been the subject of a number of recent research reports. Jefferies Financial Group upgraded Thales from a “hold” rating to a “buy” rating in a research report on Friday. Sanford C. Bernstein raised Thales to an “outperform” rating in a research report on Tuesday, January 6th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Thales has a consensus rating of “Moderate Buy”.

Thales Stock Down 0.8%

The stock’s 50 day moving average price is $56.29 and its two-hundred day moving average price is $56.54.

Thales Announces Dividend

The company also recently declared a dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 2nd were issued a dividend of $0.136 per share. This represents a dividend 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.