RWE (OTCMKTS:RWEOY) Stock Price Crosses Above Two Hundred Day Moving Average Following Analyst Downgrade

RWE AG (OTCMKTS:RWEOY)’s stock price passed above its two hundred day moving average during trading on Thursday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The stock has a two hundred day moving average of $65.44 and traded as high as $65.9701. RWE shares last traded at $65.62, with a volume of 44,693 shares trading hands.

Other equities analysts also recently issued research reports about the company. Royal Bank Of Canada reiterated an “outperform” rating on shares of RWE in a report on Monday, August 17th. Citigroup restated a “neutral” rating on shares of RWE in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of RWE in a research note on Monday, August 17th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of RWE in a research report on Thursday, July 23rd. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, RWE has an average rating of “Hold”.

RWE Price Performance

The company has a debt-to-equity ratio of 0.34, a current ratio of 1.35 and a quick ratio of 1.29. The stock has a market capitalization of $46.61 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 1.16 and a beta of 0.58. The stock’s 50 day simple moving average is $66.74 and its 200-day simple moving average is $65.48.

RWE Company Profile

RWE AG is a Germany-based energy company engaged in electricity generation, energy trading and the development of renewable energy projects. Its portfolio includes offshore and onshore wind farms, solar facilities, battery storage systems and flexible conventional power generation, including gas-fired and other dispatchable plants. The company also supplies energy and provides energy-related services to commercial and industrial customers.

RWE has expanded its renewable energy activities through organic development and acquisitions, including the 2019 acquisition of substantially all of E.ON’s renewable generation, gas generation and energy trading operations as part of the broader innogy transaction.