Amadeus IT Group (OTCMKTS:AMADY) Shares Cross Below Fifty Day Moving Average – Time to Sell?

Shares of Amadeus IT Group, S.A. (OTCMKTS:AMADY) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $71.19 and traded as low as $70.22. Amadeus IT Group shares last traded at $70.22, with a volume of 48,904 shares traded.

Analyst Upgrades and Downgrades

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

Amadeus IT Group Stock Down 0.2 %

The firm has a market cap of $31.63 billion, a P/E ratio of 23.72, a PEG ratio of 2.85 and a beta of 1.27. The firm’s 50-day moving average price is $71.19 and its 200 day moving average price is $69.40. 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 announced a dividend, which will be paid on Monday, February 3rd. Shareholders of record on Thursday, January 16th will be issued a dividend of $0.3706 per share. The ex-dividend date is Thursday, January 16th. Amadeus IT Group’s dividend payout ratio is presently 25.00%.

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.