Vonovia (OTCMKTS:VONOY) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Vonovia SE Unsponsored ADR (OTCMKTS:VONOY) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $12.01 and traded as low as $11.60. Vonovia shares last traded at $11.63, with a volume of 222,268 shares.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft raised Vonovia from a “hold” rating to a “buy” rating in a report on Thursday, June 25th. Zacks Research cut Vonovia from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 22nd. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold”.

Vonovia Trading Up 0.2%

The company has a market capitalization of $19.73 billion, a price-to-earnings ratio of 4.02 and a beta of 1.23. The firm’s fifty day simple moving average is $12.01 and its two-hundred day simple moving average is $13.06.

Vonovia (OTCMKTS:VONOY) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.24. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.01 billion. Vonovia had a net margin of 61.85% and a return on equity of 15.40%. As a group, analysts forecast that Vonovia SE Unsponsored ADR will post 0.97 EPS for the current fiscal 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.