RWE (OTCMKTS:RWEOY) Share Price Crosses Below Fifty Day Moving Average – Here’s Why
by Tristan Rich · The Markets DailyRWE AG (OTCMKTS:RWEOY – Get Free Report) shares crossed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $67.26 and traded as low as $63.8310. RWE shares last traded at $64.16, with a volume of 155,544 shares.
Analyst Ratings Changes
RWEOY has been the topic of a number of recent analyst reports. Royal Bank Of Canada reissued an “outperform” rating on shares of RWE in a research note on Monday, August 17th. Zacks Research upgraded RWE from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of RWE in a research report on Monday, August 17th. Citigroup reiterated a “neutral” rating on shares of RWE in a report on Wednesday, July 29th. Finally, Morgan Stanley reissued an “overweight” rating on shares of RWE in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.
View Our Latest Research Report on RWEOY
RWE Trading Down 2.1%
The company has a quick ratio of 1.29, a current ratio of 1.35 and a debt-to-equity ratio of 0.34. The company has a 50-day moving average price of $67.15 and a 200-day moving average price of $66.51. The company has a market capitalization of $46.45 billion, a price-to-earnings ratio of 17.57, a P/E/G ratio of 1.19 and a beta of 0.58.
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.