E.On (OTCMKTS:EONGY) Sets New 1-Year High – What’s Next?

E.On Se (OTCMKTS:EONGY)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $22.3199 and last traded at $22.24, with a volume of 12258 shares. The stock had previously closed at $21.90.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on EONGY. Citigroup reiterated a “neutral” rating on shares of E.On in a research report on Friday, February 6th. Zacks Research downgraded shares of E.On from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. Berenberg Bank cut shares of E.On from a “buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Wall Street Zen lowered shares of E.On from a “hold” rating to a “sell” rating in a research note on Wednesday, January 14th. Finally, Bank of America lowered shares of E.On from a “buy” rating to a “neutral” rating in a research report on Thursday, February 5th. Two research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

E.On Stock Performance

The business’s fifty day simple moving average is $20.19 and its 200-day simple moving average is $18.99. The firm has a market capitalization of $58.15 billion, a PE ratio of 18.25, a price-to-earnings-growth ratio of 5.77 and a beta of 0.80. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.79 and a current ratio of 0.85.

About E.On

E.ON SE is a Germany-based energy company headquartered in Essen that focuses on energy networks and customer solutions. The company owns and operates electricity and gas distribution networks, supplies energy to residential and commercial customers, and develops services and technologies aimed at energy efficiency, decentralised generation and electrification. E.ON’s business model emphasizes regulated network operations and customer-facing services rather than large-scale conventional power generation.

Key offerings include grid operation and maintenance, retail supply of electricity and gas, energy contracting and efficiency solutions for business customers, and a range of digital services such as smart metering, energy management and e-mobility charging infrastructure.