Thales (OTCMKTS:THLLY) Reaches New 52-Week Low – What’s Next?

Thales S.A. (OTCMKTS:THLLY) shares reached a new 52-week low during trading on Friday . The stock traded as low as $49.14 and last traded at $49.15, with a volume of 4780 shares trading hands. The stock had previously closed at $50.92.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Thales to a “hold” rating in a report on Wednesday, May 13th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Thales Trading Down 0.4%

The company’s 50 day moving average price is $54.27 and its 200-day moving average price is $56.96.

Thales Company Profile

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.