Thales (OTCMKTS:THLLY) Sets New 12-Month Low – Here’s Why

Thales S.A. (OTCMKTS:THLLY) hit a new 52-week low on Wednesday. The company traded as low as $48.72 and last traded at $48.72, with a volume of 280753 shares. The stock had previously closed at $50.92.

Wall Street Analyst Weigh In

THLLY has been the topic of a number of research analyst reports. Citigroup reaffirmed a “buy” rating on shares of Thales in a research report on Tuesday, July 7th. Royal Bank Of Canada began coverage on Thales in a research note on Tuesday, August 11th. They issued a “moderate buy” rating on the stock. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Thales presently has a consensus rating of “Moderate Buy”.

Thales Stock Down 3.3%

The firm has a fifty day simple moving average of $56.18 and a 200-day simple moving average of $55.32.

Thales Company Profile

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

The company also provides digital identity and biometric solutions used by governments, financial institutions and other organizations. Its products and services support applications including border management, payment security, civil aviation, transportation and critical infrastructure protection.

Thales traces its origins to Thomson-CSF and adopted the Thales name in 2000.