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Amadeus IT Group (OTCMKTS:AMADY) Shares Pass Above Fifty Day Moving Average - Here's What Happened

Amadeus IT Group logo with Business Services background
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Amadeus IT Group, S.A. (OTCMKTS:AMADY - Get Free Report) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $73.14 and traded as high as $74.29. Amadeus IT Group shares last traded at $73.98, with a volume of 37,931 shares traded.

Analyst Ratings Changes

Several research firms recently issued reports on AMADY. Morgan Stanley reiterated an "overweight" rating on shares of Amadeus IT Group in a research report on Tuesday. Hsbc Global Res upgraded shares of Amadeus IT Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 9th. Finally, Sanford C. Bernstein upgraded shares of Amadeus IT Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 3rd.

Get Our Latest Stock Report on AMADY

Amadeus IT Group Trading Up 0.4 %

The company has a debt-to-equity ratio of 0.54, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market cap of $33.33 billion, a PE ratio of 24.99, a price-to-earnings-growth ratio of 2.24 and a beta of 1.27. The stock has a 50-day moving average price of $73.14 and a two-hundred day moving average price of $71.85.

Amadeus IT Group Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, February 3rd. Investors of record on Thursday, January 16th were issued a $0.3706 dividend. The ex-dividend date of this dividend was Thursday, January 16th. Amadeus IT Group's dividend payout ratio (DPR) is presently 23.70%.

About Amadeus IT Group

(Get Free Report)

Amadeus IT Group, SA, together with its subsidiaries, operates as a transaction processor for the travel and tourism industry worldwide. The company operates through three segments: Air Distribution, Air IT Solutions, and Hospitality & Other Solutions. The company acts as an international network providing real-time search, pricing, booking, and ticketing services, and other processing solutions through Amadeus GDS, Altéa PSS, and New Skies platforms.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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