Amadeus IT Group (OTCMKTS:AMADY) Stock Price Passes Below Fifty Day Moving Average – What’s Next?

Amadeus IT Group SA Unsponsored ADR (OTCMKTS:AMADY) shares passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $63.40 and traded as low as $63.10. Amadeus IT Group shares last traded at $63.50, with a volume of 41,035 shares.

Wall Street Analysts Forecast Growth

AMADY has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upgraded Amadeus IT Group to a “buy” rating in a research report on Wednesday, September 16th. Kepler Capital Markets cut shares of Amadeus IT Group from a “hold” rating to a “strong sell” rating in a research note on Monday, June 29th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Amadeus IT Group in a report on Sunday, August 2nd. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Amadeus IT Group Stock Performance

The stock’s 50 day moving average price is $63.62 and its 200 day moving average price is $60.85. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.55. The firm has a market cap of $26.56 billion, a PE ratio of 17.44, a P/E/G ratio of 2.22 and a beta of 0.84.

Amadeus IT Group (OTCMKTS:AMADY) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.02. The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.89 billion. Amadeus IT Group had a return on equity of 29.84% and a net margin of 19.86%. As a group, equities analysts forecast that Amadeus IT Group SA Unsponsored ADR will post 4.03 earnings per share for the current fiscal year.

Amadeus IT Group Company Profile

Amadeus IT Group SA is a Spanish travel technology company that provides software, data, and transaction-processing solutions for the global travel industry. Its platforms connect travel suppliers with agencies, corporations, and travelers, supporting the search, booking, sale, and servicing of travel products.

The company’s services include global distribution technology for air travel, airline reservation and passenger-service systems, airport operations software, hotel and hospitality solutions, and tools for travel agencies and corporate travel management.