RWE (OTCMKTS:RWEOY) Sees Strong Trading Volume – Here’s What Happened

RWE AG (OTCMKTS:RWEOY) saw unusually-high trading volume on Wednesday . Approximately 1,407,049 shares traded hands during mid-day trading, an increase of 1,986% from the previous session’s volume of 67,451 shares.The stock last traded at $64.39 and had previously closed at $62.40.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on RWEOY shares. Zacks Research raised RWE from a “strong sell” rating to a “hold” rating in a report on Friday, February 6th. Citigroup reissued a “neutral” rating on shares of RWE in a report on Wednesday, February 11th. Finally, Sanford C. Bernstein lowered RWE from an “outperform” rating to a “hold” rating in a research note on Friday, February 13th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $53.30.

RWE Price Performance

The stock has a market capitalization of $46.83 billion, a PE ratio of 18.43 and a beta of 0.67. The company has a current ratio of 1.30, a quick ratio of 1.21 and a debt-to-equity ratio of 0.42. The firm has a 50 day moving average price of $58.62 and a 200 day moving average price of $50.69.

About RWE

RWE AG, traded in the U.S. as OTCMKTS:RWEOY, is a leading European energy company headquartered in Essen, Germany. The firm operates as an integrated utility, encompassing power generation, supply, trading and renewable energy development. Its diversified portfolio spans conventional assets—such as gas- and coal-fired power plants—and an expanding array of wind, solar and battery-storage projects managed through its RWE Renewables division.

In its conventional business, RWE Generation produces baseload and peak‐load electricity to meet industrial and consumer demand across Germany, the Netherlands and the UK.