Vonovia (OTCMKTS:VONOY) Trading Up 3.4% – Here’s Why

Vonovia SE Unsponsored ADR (OTCMKTS:VONOY)’s stock price rose 3.4% during mid-day trading on Wednesday . The company traded as high as $15.36 and last traded at $15.36. Approximately 66,895 shares traded hands during trading, a decline of 53% from the average daily volume of 141,576 shares. The stock had previously closed at $14.85.

Vonovia Stock Performance

The company has a market capitalization of $26.05 billion, a price-to-earnings ratio of 5.69 and a beta of 1.24. The firm has a fifty day moving average price of $14.39 and a 200-day moving average price of $15.19.

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.