Business

News to Track: Sabre Corporation (NASDAQ:SABR)

Sabre Corporation (NASDAQ:SABR) spotted trading -10.87% off 52-week high price. On the other end, the stock has been noted 16.85% away from the low price over the last 52-weeks. The stock changed -0.24% to recent value of $22.67. The stock transacted 1169194 shares during most recent day however it has an average volume of 1.44M shares. The company has 273.76M of outstanding shares and 272.98M shares were floated in the market.  

On Jan. 24, 2020, Sabre Corporation (NASDAQ:SABR) the leading technology provider to the global travel industry, has signed a strategic long-term global partnership with OYO Hotels & Homes. With this partnership, OYO will be connected to almost 900,000 travel agents globally, through the GDS connectivity solution powered by Sabre Hospitality Solutions’ innovative SynXis platform, that will help OYO generate increased bookings and open up additional revenue opportunities for its asset owners worldwide.

Maninder Gulati, Global Chief Strategy Officer, OYO Hotels & Homes said, At OYO Hotels & Homes, we have built strong capabilities to work with distribution partners and are excited to begin this relationship with Sabre. Asset owners are the backbone of our business at OYO and we believe that this partnership will immensely help owners generate additional demand for the properties and widen their reach.

 Its earnings per share (EPS) expected to touch remained 6.50% for this year while earning per share for the next 5-years is expected to reach at 5.43%. SABR has a gross margin of 26.90% and an operating margin of 10.80% while its profit margin remained 5.90% for the last 12 months. 

 According to the most recent quarter its current ratio was 1.1 that represents company’s ability to meet its current financial obligations. The price moved ahead of 0.08% from the mean of 20 days, 0.64% from mean of 50 days SMA and performed 1.12% from mean of 200 days price. Company’s performance for the week was -1.92%, -0.33% for month and YTD performance remained 1.05%.

Leave a Reply

Your email address will not be published. Required fields are marked *