Indra Sistemas (OTCMKTS:ISMAY) Shares Gap Down – Time to Sell?

Indra Sistemas S.A. Unsponsored ADR (OTCMKTS:ISMAY) shares gapped down before the market opened on Friday . The stock had previously closed at $31.55, but opened at $30.18. Indra Sistemas shares last traded at $30.18, with a volume of 190 shares changing hands.

Wall Street Analysts Forecast Growth

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

Indra Sistemas Stock Performance

The company has a market capitalization of $10.73 billion, a price-to-earnings ratio of 20.38 and a beta of 0.66. The company has a 50-day moving average price of $29.88 and a 200-day moving average price of $30.94.

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

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.