Thales (OTCMKTS:THLLY) Hits New 52-Week Low – Here’s What Happened

Thales S.A. (OTCMKTS:THLLY)’s stock price reached a new 52-week low during trading on Wednesday. The stock traded as low as $48.72 and last traded at $48.72, with a volume of 280753 shares trading hands. The stock had previously closed at $50.92.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Royal Bank Of Canada assumed coverage on shares of Thales in a research report on Tuesday, August 11th. They issued a “moderate buy” rating on the stock. Citigroup restated a “buy” rating on shares of Thales in a research report on Tuesday, July 7th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Thales Price Performance

The business’s 50-day moving average price is $56.18 and its 200 day moving average price is $55.32.

Thales Company Profile

Thales SE is a French technology and defense company that develops systems and services for the defense, aerospace, space, digital identity and security markets. Its offerings include radars, mission systems, secure communications, avionics, air traffic management solutions, satellite systems and cybersecurity technologies.

The company also provides digital identity and biometric solutions used by governments, financial institutions and other organizations. Its products and services support applications including border management, payment security, civil aviation, transportation and critical infrastructure protection.

Thales traces its origins to Thomson-CSF and adopted the Thales name in 2000.