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

Amadeus IT Group, S.A. (OTCMKTS:AMADY)’s stock price 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 changing hands.

Wall Street Analysts Forecast Growth

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

Amadeus IT Group Stock Down 0.3 %

The business has a fifty day moving average price of $71.09 and a two-hundred day moving average price of $69.41. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.54. The company has a market cap of $31.53 billion, a price-to-earnings ratio of 23.65, a P/E/G ratio of 2.85 and a beta of 1.27.

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 given a $0.3706 dividend. The ex-dividend date is Thursday, January 16th. Amadeus IT Group’s payout ratio is currently 25.00%.

Amadeus IT Group Company Profile

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.