Amadeus IT Group (OTCMKTS:AMADY) Stock Passes Above Fifty Day Moving Average – Here’s Why

Shares of Amadeus IT Group SA Unsponsored ADR (OTCMKTS:AMADY) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $59.50 and traded as high as $60.12. Amadeus IT Group shares last traded at $59.07, with a volume of 445,756 shares traded.

Analyst Ratings Changes

Separately, Citigroup cut Amadeus IT Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Amadeus IT Group Price Performance

The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.52. The business has a 50-day moving average price of $59.50 and a 200 day moving average price of $69.48. The stock has a market cap of $26.61 billion, a PE ratio of 17.42, a PEG ratio of 2.25 and a beta of 0.79.

Amadeus IT Group (OTCMKTS:AMADY) last issued its quarterly earnings results on Friday, February 27th. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.08. Amadeus IT Group had a return on equity of 27.61% and a net margin of 20.45%.The firm had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.89 billion. As a group, research analysts forecast that Amadeus IT Group SA Unsponsored ADR will post 2.99 earnings per share for the current fiscal year.

About Amadeus IT Group

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.