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

Indra Sistemas S.A. Unsponsored ADR (OTCMKTS:ISMAY)’s stock 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 report on Tuesday. One 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Indra Sistemas Stock Performance

The company’s fifty day moving average is $30.09 and its 200-day moving average is $30.93. The company has a market capitalization of $9.97 billion, a PE 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.