Amadeus IT Group (OTCMKTS:AMADY) Stock Price Passes Above 50 Day Moving Average – Here’s Why

Amadeus IT Group, S.A. (OTCMKTS:AMADY)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $67.53 and traded as high as $71.83. Amadeus IT Group shares last traded at $71.46, with a volume of 30,389 shares traded.

Amadeus IT Group Price Performance

The business has a fifty day moving average of $67.53 and a 200 day moving average of $66.98. The stock has a market cap of $32.19 billion, a PE ratio of 23.24, a P/E/G ratio of 3.23 and a beta of 1.32.

Amadeus IT Group (OTCMKTS:AMADY) last released its earnings results on Wednesday, July 31st. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.81 by $0.08. The company had revenue of $1.68 billion during the quarter. Amadeus IT Group had a return on equity of 24.69% and a net margin of 20.02%. On average, equities research analysts expect that Amadeus IT Group, S.A. will post 3.01 EPS for the current year.

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.