OMV (OTCMKTS:OMVKY) Sets New 12-Month High – Here’s Why

OMV AG (OTCMKTS:OMVKYGet Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $20.4350 and last traded at $20.41, with a volume of 22815 shares traded. The stock had previously closed at $20.05.

Analyst Ratings Changes

Separately, Zacks Research upgraded OMV from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. Four analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce”.

Check Out Our Latest Stock Report on OMVKY

OMV Trading Up 1.8%

The stock’s 50-day moving average price is $18.54 and its 200 day moving average price is $17.75. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.22 and a quick ratio of 0.92. The firm has a market capitalization of $26.72 billion, a PE ratio of 2.16 and a beta of -0.07.

About OMV

(Get Free Report)

OMV AG is an Austrian integrated energy company founded in 1956 and headquartered in Vienna. The firm operates across the oil and gas value chain, with core activities in exploration and production, refining and marketing, petrochemicals, gas trading and storage, and a large retail network of service stations and convenience offerings in Central and Eastern Europe. OMV’s business model combines upstream resource development with downstream processing and commercial distribution to supply fuels, lubricants and chemical feedstocks.

In upstream, OMV pursues oil and natural gas exploration and production projects and participates in both onshore and offshore developments.

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