Amadeus IT Group (OTCMKTS:AMADY) Stock Passes Below Fifty Day Moving Average – Here’s What Happened

Shares of Amadeus IT Group, S.A. (OTCMKTS:AMADY) crossed 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 traded.

Wall Street Analyst Weigh In

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

Amadeus IT Group Trading Up 2.0 %

The firm has a market cap of $31.91 billion, a P/E ratio of 23.93, a price-to-earnings-growth ratio of 2.85 and a beta of 1.29. The firm has a fifty day simple moving average of $71.74 and a 200-day simple moving average of $69.42. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.85 and a quick ratio of 0.85.

Amadeus IT Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, February 3rd. Shareholders of record on Thursday, January 16th will be issued a $0.3706 dividend. The ex-dividend date is Thursday, January 16th. Amadeus IT Group’s payout ratio is 43.92%.

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.