Thales (OTCMKTS:THLLY) Shares Gap Down – Here’s Why

Thales S.A. (OTCMKTS:THLLY) shares gapped down before the market opened on Friday. The stock had previously closed at $54.23, but opened at $52.55. Thales shares last traded at $52.77, with a volume of 10,912 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have commented on THLLY. Royal Bank Of Canada initiated coverage on shares of Thales in a research report on Tuesday, August 11th. They issued a “moderate buy” rating for the company. Citigroup restated a “buy” rating on shares of Thales in a report on Tuesday, July 7th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Thales Trading Down 0.7%

The firm has a fifty day simple moving average of $56.52 and a 200 day simple moving average of $55.71.

Thales Company Profile

Thales is a French technology company that develops systems and services for the aerospace, defense, transportation, digital identity and security markets. Its offerings include avionics, air traffic management systems, radar and communications equipment, satellite and space technologies, cybersecurity solutions, digital identity products, and secure communications systems.

The company serves government agencies, defense organizations, commercial airlines, airports, transportation operators, financial institutions and other businesses.