Amadeus IT Group (OTCMKTS:AMADY) Stock Price Passes Below 50-Day Moving Average – Should You Sell?

Shares of Amadeus IT Group, S.A. (OTCMKTS:AMADY) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $71.77 and traded as low as $69.25. Amadeus IT Group shares last traded at $69.42, with a volume of 61,040 shares.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein downgraded shares of Amadeus IT Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 19th.

Amadeus IT Group Price Performance

The company has a 50-day moving average of $71.77 and a 200-day moving average of $69.43. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market cap of $31.27 billion, a price-to-earnings ratio of 23.45, a PEG ratio of 2.85 and a beta of 1.29.

About Amadeus IT Group

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.