E.On (OTCMKTS:EONGY) Stock Passes Below 50-Day Moving Average – Here’s Why

Shares of E.On Se (OTCMKTS:EONGY) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $21.20 and traded as low as $20.52. E.On shares last traded at $20.54, with a volume of 99,182 shares traded.

Analyst Ratings Changes

EONGY has been the subject of a number of research analyst reports. Royal Bank Of Canada restated a “sector perform” rating on shares of E.On in a research note on Thursday, July 9th. Morgan Stanley reiterated an “overweight” rating on shares of E.On in a research note on Friday, July 3rd. Jefferies Financial Group raised shares of E.On from a “hold” rating to a “buy” rating in a report on Sunday, August 2nd. DZ Bank raised shares of E.On from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th. Finally, Berenberg Bank upgraded shares of E.On from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 25th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

E.On Trading Up 0.1%

The company has a market cap of $53.70 billion, a P/E ratio of 13.69, a P/E/G ratio of 4.74 and a beta of 0.71. The business has a fifty day simple moving average of $21.20 and a 200 day simple moving average of $21.66. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.91 and a current ratio of 0.95.

E.On (OTCMKTS:EONGY) last issued its quarterly earnings results on Wednesday, August 12th. The utilities provider reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.10). The firm had revenue of $18.89 billion during the quarter, compared to the consensus estimate of $40.44 billion. E.On had a net margin of 4.49% and a return on equity of 11.54%. Analysts anticipate that E.On Se will post 1.23 earnings per share for the current fiscal year.

E.On Company Profile

E.ON SE is a Germany-based energy company headquartered in Essen that focuses on energy networks and customer solutions. The company owns and operates electricity and gas distribution networks, supplies energy to residential and commercial customers, and develops services and technologies aimed at energy efficiency, decentralised generation and electrification. E.ON’s business model emphasizes regulated network operations and customer-facing services rather than large-scale conventional power generation.

Key offerings include grid operation and maintenance, retail supply of electricity and gas, energy contracting and efficiency solutions for business customers, and a range of digital services such as smart metering, energy management and e-mobility charging infrastructure.