Amadeus IT Group (OTCMKTS:AMADY) Stock Price Passes Below 50-Day Moving Average – Time to Sell?

Shares of Amadeus IT Group SA Unsponsored ADR (OTCMKTS:AMADY) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $65.25 and traded as low as $61.73. Amadeus IT Group shares last traded at $62.4925, with a volume of 207,471 shares.

Wall Street Analyst Weigh In

Several analysts have weighed in on AMADY shares. Santander raised Amadeus IT Group to an “outperform” rating in a research report on Friday, November 21st. Citigroup cut Amadeus IT Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Amadeus IT Group Stock Down 2.7%

The company has a market capitalization of $27.44 billion, a PE ratio of 17.96, a P/E/G ratio of 2.42 and a beta of 0.77. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.88 and a current ratio of 0.88. The company’s 50-day moving average is $64.78 and its 200 day moving average is $72.69.

Amadeus IT Group (OTCMKTS:AMADY) last issued its earnings results on Friday, February 27th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.08. Amadeus IT Group had a net margin of 20.45% and a return on equity of 27.12%. The business had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.89 billion. As a group, analysts anticipate that Amadeus IT Group SA Unsponsored ADR will post 2.99 EPS for the current year.

Amadeus IT Group Company Profile

Amadeus IT Group is a global travel-technology company that develops and supplies software and IT services for the travel and tourism industry. Founded in the late 1980s as a technology venture by a group of European airlines, Amadeus has evolved into an integrated provider of distribution, passenger service systems and operations software used across the travel value chain. The company’s platforms support booking, ticketing, departure control, inventory and other core travel transaction functions for industry participants.

Amadeus’s product offering spans a global distribution system used by travel agencies and online travel sellers, airline passenger service systems (notably the Altéa suite), airport operations and departure control solutions, as well as software for hotels, rail operators and car rental companies.