Indra Sistemas (OTCMKTS:ISMAY) Sees Large Volume Increase – Time to Buy?

Shares of Indra Sistemas S.A. Unsponsored ADR (OTCMKTS:ISMAY) saw an uptick in trading volume on Tuesday . Approximately 32,286 shares were traded during trading, an increase of 286% from the previous session’s volume of 8,365 shares.The stock last traded at $27.61 and had previously closed at $26.6760.

Wall Street Analyst Weigh In

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

Indra Sistemas Stock Up 3.2%

The stock has a market capitalization of $9.73 billion, a P/E ratio of 18.48 and a beta of 0.66. The firm’s 50-day simple moving average is $30.16 and its 200 day simple moving average is $30.93.

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.