Vonovia (OTCMKTS:VONOY) Shares Cross Below 50-Day Moving Average – What’s Next?

Vonovia SE Unsponsored ADR (OTCMKTS:VONOYGet Free Report) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty 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 trading hands.

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 investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Vonovia currently has an average rating of “Moderate Buy”.

Check Out Our Latest Stock Report on VONOY

Vonovia Stock Performance

The stock has a 50 day simple moving average of $13.20 and a two-hundred day simple moving average of $14.24. The firm has a market cap of $21.96 billion, a PE ratio of 4.90 and a beta of 1.27.

Vonovia (OTCMKTS:VONOYGet Free Report) last posted its earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Vonovia had a return on equity of 14.79% and a net margin of 56.28%.The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Equities research analysts forecast that Vonovia SE Unsponsored ADR will post 1.22 earnings per share for the current year.

About Vonovia

(Get Free Report)

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.

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