Vonovia (OTCMKTS:VONOY) Stock Price Passes Below 50-Day Moving Average – What’s Next?

Vonovia SE Unsponsored ADR (OTCMKTS:VONOY) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $12.01 and traded as low as $11.60. Vonovia shares last traded at $11.63, with a volume of 222,268 shares trading hands.

Analysts Set New Price Targets

VONOY has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upgraded Vonovia from a “hold” rating to a “buy” rating in a report on Thursday, June 25th. Zacks Research lowered shares of Vonovia from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 22nd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Vonovia Trading Up 0.2%

The company has a market capitalization of $19.73 billion, a price-to-earnings ratio of 4.02 and a beta of 1.23. The firm’s 50 day simple moving average is $12.01 and its 200-day simple moving average is $13.06.

Vonovia (OTCMKTS:VONOY) last released its earnings results on Wednesday, August 5th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.24. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Vonovia had a return on equity of 15.40% and a net margin of 61.85%. As a group, sell-side analysts forecast that Vonovia SE Unsponsored ADR will post 0.97 EPS for the current fiscal year.

About Vonovia

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.