Vonovia (OTCMKTS:VONOY) Shares Gap Down – Time to Sell?

Shares of Vonovia SE Unsponsored ADR (OTCMKTS:VONOY) gapped down before the market opened on Friday . The stock had previously closed at $12.94, but opened at $12.30. Vonovia shares last traded at $12.24, with a volume of 21,440 shares.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Vonovia in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Vonovia Trading Down 5.1%

The stock has a 50-day simple moving average of $13.16 and a two-hundred day simple moving average of $14.23. The firm has a market capitalization of $20.78 billion, a P/E ratio of 4.64 and a beta of 1.27.

Vonovia (OTCMKTS:VONOY) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Vonovia had a return on equity of 14.79% and a net margin of 56.28%. As a group, research analysts expect that Vonovia SE Unsponsored ADR will post 1.22 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.