Indra Sistemas (OTCMKTS:ISMAY) Shares Gap Up – Still a Buy?

Shares of Indra Sistemas S.A. Unsponsored ADR (OTCMKTS:ISMAY) gapped up before the market opened on Wednesday . The stock had previously closed at $26.6760, but opened at $28.1850. Indra Sistemas shares last traded at $27.98, with a volume of 5,421 shares.

Wall Street Analyst Weigh In

Separately, Morgan Stanley raised Indra Sistemas to an “overweight” rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy”.

Indra Sistemas Trading Down 2.4%

The business’s fifty day moving average price is $29.96 and its 200 day moving average price is $30.93. The company has a market capitalization of $9.70 billion, a P/E ratio of 18.43 and a beta of 0.66.

About Indra Sistemas

Indra Sistemas SA is a Madrid-based global technology and consulting firm specializing in information and communications technology (ICT) and defense systems. The company designs, develops and implements turnkey solutions for sectors including transportation, energy, public administration, financial services, telecommunications and security. Through system integration, application development, managed services and outsourcing, Indra helps clients navigate digital transformation and optimize operational performance.

In its defense and security business, Indra delivers radar systems, air traffic management platforms, command-and-control centers, simulation and training tools, as well as cybersecurity solutions.