Amadeus IT Group (OTCMKTS:AMADY) Shares Gap Down – Here’s What Happened

Amadeus IT Group SA Unsponsored ADR (OTCMKTS:AMADY)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $66.83, but opened at $63.25. Amadeus IT Group shares last traded at $62.7527, with a volume of 6,829 shares.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Jefferies Financial Group restated a “buy” rating on shares of Amadeus IT Group in a report on Sunday, August 2nd. Kepler Capital Markets cut Amadeus IT Group from a “hold” rating to a “strong sell” rating in a research note on Monday, June 29th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Amadeus IT Group Price Performance

The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.74 and a current ratio of 0.74. The stock’s 50-day moving average is $62.46 and its 200 day moving average is $60.53. The stock has a market capitalization of $27.26 billion, a PE ratio of 17.90, a P/E/G ratio of 2.36 and a beta of 0.84.

Amadeus IT Group (OTCMKTS:AMADY) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.02. Amadeus IT Group had a net margin of 19.86% and a return on equity of 29.84%. The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.89 billion. As a group, equities analysts expect that Amadeus IT Group SA Unsponsored ADR will post 4.03 earnings per share for the current 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.