Indra Sistemas (OTCMKTS:ISMAY) Shares Gap Up – Should You Buy?

Indra Sistemas S.A. Unsponsored ADR (OTCMKTS:ISMAY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $26.6760, but opened at $28.1850. Indra Sistemas shares last traded at $27.98, with a volume of 5,421 shares.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley upgraded Indra Sistemas to an “overweight” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy”.

Indra Sistemas Trading Up 1.8%

The firm has a 50 day moving average of $30.09 and a 200-day moving average of $30.93. The company has a market cap of $9.97 billion, a P/E ratio of 18.93 and a beta of 0.66.

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.