Deutsche Boerse (OTCMKTS:DBOEY) Stock Price Passes Below 50 Day Moving Average – What’s Next?

Deutsche Boerse AG (OTCMKTS:DBOEY)’s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $29.57 and traded as low as $28.29. Deutsche Boerse shares last traded at $28.38, with a volume of 122,650 shares.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Oddo Bhf upgraded shares of Deutsche Boerse to an “outperform” rating in a research note on Tuesday, April 28th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Deutsche Boerse in a research note on Friday, May 1st. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Deutsche Boerse Price Performance

The firm’s 50 day moving average price is $29.56 and its 200-day moving average price is $27.33. The stock has a market cap of $51.85 billion, a P/E ratio of 22.15, a P/E/G ratio of 1.86 and a beta of 0.43.

Deutsche Boerse (OTCMKTS:DBOEY) last released its quarterly earnings data on Monday, April 27th. The financial services provider reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.01. Deutsche Boerse had a net margin of 32.67% and a return on equity of 19.99%. The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.90 billion. On average, analysts expect that Deutsche Boerse AG will post 1.42 earnings per share for the current year.

Deutsche Boerse Company Profile

Deutsche Börse AG is a Germany‑based provider of marketplace infrastructure, trading technology and post‑trade services to the global financial industry. The company operates electronic trading platforms and derivatives markets, offers clearing and settlement services, and supplies market data, analytics and index products to investment banks, brokers, asset managers and listed companies.

Key businesses within the group include electronic equity trading via the Xetra trading system, derivatives trading through the Eurex exchange, and post‑trade and custody services provided by Clearstream.