OMV (OTCMKTS:OMVKY) Hits New 52-Week High – Here’s Why

OMV AG (OTCMKTS:OMVKY) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $19.01 and last traded at $19.01, with a volume of 170 shares traded. The stock had previously closed at $18.73.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut OMV from a “hold” rating to a “strong sell” rating in a report on Monday, July 20th. Three analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Strong Sell”.

OMV Stock Performance

The stock has a market cap of $25.04 billion, a PE ratio of 2.02 and a beta of -0.08. The stock has a fifty day simple moving average of $17.28 and a two-hundred day simple moving average of $17.20. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.24 and a current ratio of 1.50.

About OMV

OMV AG is an Austrian integrated energy company founded in 1956 and headquartered in Vienna. The firm operates across the oil and gas value chain, with core activities in exploration and production, refining and marketing, petrochemicals, gas trading and storage, and a large retail network of service stations and convenience offerings in Central and Eastern Europe. OMV’s business model combines upstream resource development with downstream processing and commercial distribution to supply fuels, lubricants and chemical feedstocks.

In upstream, OMV pursues oil and natural gas exploration and production projects and participates in both onshore and offshore developments.