Vonovia (OTCMKTS:VONOY) Shares Gap Down – Here’s Why

Vonovia SE Unsponsored ADR (OTCMKTS:VONOY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $14.57, but opened at $14.10. Vonovia shares last traded at $14.00, with a volume of 10,123 shares.

Vonovia Trading Up 0.5%

The firm has a market capitalization of $23.63 billion, a P/E ratio of 5.24 and a beta of 1.26. The stock’s 50-day simple moving average is $14.54 and its 200-day simple moving average is $15.40.

Vonovia (OTCMKTS:VONOY) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $2.17 EPS for the quarter. The business had revenue of $1 billion for the quarter. Vonovia had a return on equity of 12.34% and a net margin of 39.42%. On average, equities research analysts expect that Vonovia SE Unsponsored ADR will post 1.05 EPS for the current year.

About Vonovia

Vonovia SE is a Germany-based residential real estate company headquartered in Bochum that owns, manages and develops rental housing. Its core activities center on long-term residential leasing, property and facility management, maintenance and modernization of apartment portfolios, and project development. Vonovia provides tenant services and operational support to maintain and upgrade its buildings, with an increasing focus on energy-efficiency measures and building refurbishments to modernize stock and reduce operating costs.

The company traces its roots to Deutsche Annington and adopted the Vonovia name following a period of consolidation and growth; it has expanded through a series of acquisitions to become one of the largest residential landlords in Germany.