Thales (OTCMKTS:THLLY) Shares Gap Up – Should You Buy?

Thales S.A. (OTCMKTS:THLLY)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $52.53, but opened at $54.65. Thales shares last traded at $54.63, with a volume of 1,769 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Citigroup reiterated a “buy” rating on shares of Thales in a research note on Tuesday, July 7th. Royal Bank Of Canada assumed coverage on shares of Thales in a research report on Tuesday, August 11th. They set a “moderate buy” rating on the stock. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Thales Trading Down 0.7%

The business has a 50-day simple moving average of $56.10 and a 200-day simple moving average of $55.88.

Thales Company Profile

Thales is a French technology company that develops systems and services for the aerospace, defense, transportation, digital identity and security markets. Its offerings include avionics, air traffic management systems, radar and communications equipment, satellite and space technologies, cybersecurity solutions, digital identity products, and secure communications systems.

The company serves government agencies, defense organizations, commercial airlines, airports, transportation operators, financial institutions and other businesses.