RWE Aktiengesellschaft (OTCMKTS:RWEOY) Shares Pass Below 50-Day Moving Average – Here’s Why

RWE Aktiengesellschaft (OTCMKTS:RWEOY) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $36.72 and traded as low as $35.75. RWE Aktiengesellschaft shares last traded at $36.01, with a volume of 25,341 shares traded.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley reissued an “overweight” rating on shares of RWE Aktiengesellschaft in a research note on Monday, March 24th.

RWE Aktiengesellschaft Trading Down 0.3%

The company’s 50 day simple moving average is $36.72 and its 200-day simple moving average is $33.13. The company has a quick ratio of 1.42, a current ratio of 1.55 and a debt-to-equity ratio of 0.45. The firm has a market cap of $24.35 billion, a P/E ratio of 8.74 and a beta of 0.74.

RWE Aktiengesellschaft (OTCMKTS:RWEOY) last posted its quarterly earnings results on Thursday, May 15th. The utilities provider reported $0.72 earnings per share for the quarter. RWE Aktiengesellschaft had a net margin of 12.03% and a return on equity of 8.16%. The firm had revenue of $6.72 billion during the quarter. As a group, research analysts predict that RWE Aktiengesellschaft will post 3.18 earnings per share for the current fiscal year.

RWE Aktiengesellschaft Increases Dividend

The business also recently declared a dividend, which was paid on Friday, May 16th. Stockholders of record on Tuesday, May 6th were paid a dividend of $0.8535 per share. This represents a dividend yield of 2.19%. The ex-dividend date of this dividend was Monday, May 5th. This is an increase from RWE Aktiengesellschaft’s previous dividend of $0.76. RWE Aktiengesellschaft’s payout ratio is currently 11.62%.

RWE Aktiengesellschaft Company Profile

RWE Aktiengesellschaft generates and supplies electricity from renewable and conventional sources in Germany, the United Kingdom, rest of Europe, North America, and internationally. It operates through five segments: Offshore Wind; Onshore Wind/Solar; Hydro/Biomass/Gas; Supply & Trading; and Coal/Nuclear.