Thales (OTCMKTS:THLLY) Reaches New 1-Year Low – Here’s Why

Thales S.A. (OTCMKTS:THLLY)’s share price reached a new 52-week low during trading on Friday . The company traded as low as $49.14 and last traded at $49.15, with a volume of 4780 shares traded. The stock had previously closed at $50.92.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Thales to a “hold” rating in a report on Wednesday, May 13th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Thales presently has an average rating of “Hold”.

Thales Stock Down 0.4%

The firm’s 50-day moving average price is $54.27 and its 200-day moving average price is $56.96.

Thales Company Profile

Thales is a global technology leader specializing in the design and integration of advanced systems across the aerospace, defense, transportation and security sectors. The company delivers a wide range of products and services, including avionics and flight management systems for commercial and military aircraft, radar and sonar solutions, secure communications networks, and safety-critical control systems for rail and urban transport. In the security domain, Thales offers identity verification platforms, cybersecurity solutions and data protection services to public and private institutions.

In aerospace, Thales provides cockpit avionics, in-flight entertainment systems and satellite-based navigation equipment that support airlines and aircraft manufacturers worldwide.