Amadeus IT Group SA Unsponsored ADR (OTCMKTS:AMADY) Short Interest Down 73.4% in May

Amadeus IT Group SA Unsponsored ADR (OTCMKTS:AMADY – Get Free Report) was the target of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 32,420 shares, a decline of 73.4% from the May 14th total of 121,935 shares. Based on an average trading volume of 148,172 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on AMADY shares. Morgan Stanley reiterated an “overweight” rating on shares of Amadeus IT Group in a report on Monday, May 11th. Jefferies Financial Group reiterated a “buy” rating on shares of Amadeus IT Group in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Amadeus IT Group currently has an average rating of “Moderate Buy”.

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Amadeus IT Group Price Performance

AMADY opened at $58.45 on Friday. The business has a fifty day moving average of $59.88 and a 200 day moving average of $64.06. Amadeus IT Group has a 52-week low of $54.75 and a 52-week high of $85.23. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.53. The stock has a market cap of $26.33 billion, a P/E ratio of 16.56, a PEG ratio of 2.35 and a beta of 0.80.

Amadeus IT Group (OTCMKTS:AMADY – Get Free Report) last posted its quarterly earnings data on Friday, May 8th. The company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.07. Amadeus IT Group had a return on equity of 28.72% and a net margin of 20.35%.The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.92 billion. As a group, sell-side analysts anticipate that Amadeus IT Group will post 4.05 EPS for the current year.

About Amadeus IT Group

(Get Free Report)

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.

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