Indra Sistemas (OTCMKTS:ISMAY) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Indra Sistemas S.A. Unsponsored ADR (OTCMKTS:ISMAY)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $30.92 and traded as low as $28.81. Indra Sistemas shares last traded at $29.17, with a volume of 8,114 shares trading hands.

Wall Street Analyst Weigh In

Separately, Morgan Stanley raised Indra Sistemas to an “overweight” rating in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Indra Sistemas currently has an average rating of “Buy”.

Indra Sistemas Trading Down 2.4%

The firm’s fifty day moving average is $29.88 and its 200 day moving average is $30.94. The company has a market cap of $10.88 billion, a PE ratio of 20.67 and a beta of 0.66.

Indra Sistemas (OTCMKTS:ISMAY) last announced its earnings results on Thursday, July 23rd. The company reported $0.48 earnings per share (EPS) for the quarter. The business had revenue of $2.14 billion for the quarter. Indra Sistemas had a net margin of 8.02% and a return on equity of 25.99%.

Indra Sistemas Company Profile

Indra Sistemas SA is a Madrid-based global technology and consulting firm specializing in information and communications technology (ICT) and defense systems. The company designs, develops and implements turnkey solutions for sectors including transportation, energy, public administration, financial services, telecommunications and security. Through system integration, application development, managed services and outsourcing, Indra helps clients navigate digital transformation and optimize operational performance.

In its defense and security business, Indra delivers radar systems, air traffic management platforms, command-and-control centers, simulation and training tools, as well as cybersecurity solutions.