Vonovia (OTCMKTS:VONOY) Shares Cross Below 50-Day Moving Average – Here’s Why
by Scott Moore · The Cerbat GemVonovia SE Unsponsored ADR (OTCMKTS:VONOY – Get Free Report)’s stock price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $13.20 and traded as low as $12.66. Vonovia shares last traded at $12.94, with a volume of 161,975 shares traded.
Analysts Set New Price Targets
Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Vonovia in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Vonovia presently has an average rating of “Moderate Buy”.
Read Our Latest Analysis on Vonovia
Vonovia Trading Down 5.2%
The stock has a market cap of $20.75 billion, a price-to-earnings ratio of 4.63 and a beta of 1.27. The stock’s 50 day moving average is $13.13 and its two-hundred day moving average is $14.22.
Vonovia (OTCMKTS:VONOY – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Vonovia had a net margin of 56.28% and a return on equity of 14.79%. On average, sell-side analysts predict that Vonovia SE Unsponsored ADR will post 1.22 EPS for the current year.
Vonovia Company Profile
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.