Airbus (OTCMKTS:EADSY) Stock Passes Below 50 Day Moving Average – Here’s Why

Airbus SE – Unsponsored ADR (OTCMKTS:EADSY) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $49.78 and traded as low as $48.70. Airbus shares last traded at $48.80, with a volume of 499,452 shares traded.

Wall Street Analyst Weigh In

Several research firms have issued reports on EADSY. Wells Fargo & Company raised shares of Airbus to a “hold” rating in a research report on Tuesday, March 31st. Citigroup raised shares of Airbus from a “neutral” rating to a “buy” rating in a research report on Thursday, March 5th. Morgan Stanley reaffirmed an “overweight” rating on shares of Airbus in a research report on Thursday, May 28th. BNP Paribas Exane began coverage on shares of Airbus in a research report on Monday, April 13th. They set a “neutral” rating on the stock. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Airbus in a research report on Friday, February 20th. Five research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Airbus currently has a consensus rating of “Hold”.

Airbus Price Performance

The company has a market capitalization of $162.11 billion, a P/E ratio of 27.92, a price-to-earnings-growth ratio of 1.95 and a beta of 1.09. The company’s 50-day moving average price is $49.91 and its two-hundred day moving average price is $54.20. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.16 and a quick ratio of 0.50.

Airbus (OTCMKTS:EADSY) last issued its quarterly earnings data on Tuesday, April 28th. The aerospace company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.09. The company had revenue of $14.80 billion for the quarter, compared to analyst estimates of $14.83 billion. Airbus had a net margin of 6.92% and a return on equity of 20.90%. As a group, sell-side analysts expect that Airbus SE – Unsponsored ADR will post 2.1 EPS for the current year.

About Airbus

Airbus SE is a multinational aerospace and defense company that designs, manufactures and supports a broad range of products and services for civil and military customers worldwide. The company’s activities span commercial aircraft, helicopters, defense and space systems, and a growing portfolio of services that include maintenance, training, digital solutions and aftermarket support. Airbus is organized into major business divisions that reflect these activities and operates an extensive industrial and supplier footprint across multiple countries.

In the commercial aircraft segment Airbus is best known for its A320 family of single-aisle jets and larger widebody models such as the A330 and A350 series, as well as the A380 superjumbo.