Indra Sistemas (OTCMKTS:ISMAY) Shares Gap Up – Here’s Why

Indra Sistemas S.A. Unsponsored ADR (OTCMKTS:ISMAY)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $28.8850, but opened at $31.1250. Indra Sistemas shares last traded at $31.1250, with a volume of 692 shares traded.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley upgraded shares of Indra Sistemas to an “overweight” rating in a research note on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

Indra Sistemas Stock Performance

The company has a 50 day simple moving average of $29.92 and a two-hundred day simple moving average of $30.94. The firm has a market cap of $10.88 billion, a PE ratio of 20.95 and a beta of 0.66.

Indra Sistemas (OTCMKTS:ISMAY) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $0.48 earnings per share for the quarter. Indra Sistemas had a return on equity of 23.74% and a net margin of 7.12%.The business had revenue of $2.14 billion for the quarter.

Indra Sistemas Company Profile

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.