RWE (OTCMKTS:RWEOY) Sees Strong Trading Volume – Should You Buy?

RWE AG (OTCMKTS:RWEOY) shares saw strong trading volume on Tuesday . 137,937 shares were traded during mid-day trading, an increase of 119% from the previous session’s volume of 63,096 shares.The stock last traded at $60.7360 and had previously closed at $59.38.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on RWEOY. Zacks Research raised RWE from a “strong sell” rating to a “hold” rating in a research report on Friday, February 6th. Sanford C. Bernstein downgraded RWE from an “outperform” rating to a “hold” rating in a report on Friday, February 13th. Finally, Citigroup reiterated a “neutral” rating on shares of RWE in a report on Wednesday, February 11th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $53.30.

RWE Stock Down 2.6%

The stock has a fifty day moving average price of $58.01 and a two-hundred day moving average price of $50.17. The company has a market cap of $44.05 billion, a price-to-earnings ratio of 17.33 and a beta of 0.67. The company has a quick ratio of 1.21, a current ratio of 1.30 and a debt-to-equity ratio of 0.42.

RWE Company Profile

RWE AG, traded in the U.S. as OTCMKTS:RWEOY, is a leading European energy company headquartered in Essen, Germany. The firm operates as an integrated utility, encompassing power generation, supply, trading and renewable energy development. Its diversified portfolio spans conventional assets—such as gas- and coal-fired power plants—and an expanding array of wind, solar and battery-storage projects managed through its RWE Renewables division.

In its conventional business, RWE Generation produces baseload and peak‐load electricity to meet industrial and consumer demand across Germany, the Netherlands and the UK.