Verbund (OTCMKTS:OEZVY) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Verbund Ag (OTCMKTS:OEZVYGet Free Report)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $14.67 and traded as high as $16.15. Verbund shares last traded at $16.1450, with a volume of 764 shares traded.

Wall Street Analyst Weigh In

Separately, Kepler Capital Markets raised Verbund from a “strong sell” rating to a “hold” rating in a research report on Monday, September 29th. One research analyst has rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Strong Sell”.

View Our Latest Research Report on Verbund

Verbund Stock Performance

The business’s fifty day simple moving average is $14.71 and its 200-day simple moving average is $15.20.

About Verbund

(Get Free Report)

VERBUND AG, together with its subsidiaries, generates, trades, and sells electricity to energy exchange markets, traders, electric utilities and industrial companies, and households and commercial customers. It operates through Hydro, New Renewables, Sales, Grid, and All Other segments. The company operates hydropower plants with a capacity of 8,417 megawatts (MW); wind farms with a capacity of 798 MW; solar power with a capacity of 253 MW; and two thermal power plants.

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