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

Thales S.A. (OTCMKTS:THLLY)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $54.34, but opened at $51.70. Thales shares last traded at $51.64, with a volume of 2,701 shares traded.

Analyst Ratings Changes

THLLY has been the subject of several recent research reports. Zacks Research raised shares of Thales to a “hold” rating in a report on Wednesday, May 13th. Citigroup reissued a “buy” rating on shares of Thales in a report on Tuesday. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Thales Stock Down 4.1%

The business has a fifty day moving average of $53.17 and a two-hundred day moving average of $56.91.

About Thales

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.