Vonovia (OTCMKTS:VONOY) Shares Gap Down – Time to Sell?

Vonovia SE Unsponsored ADR (OTCMKTS:VONOY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $12.82, but opened at $12.00. Vonovia shares last traded at $11.9750, with a volume of 9,029 shares.

Wall Street Analysts Forecast Growth

VONOY has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Vonovia from a “hold” rating to a “buy” rating in a report on Thursday, June 25th. Zacks Research raised shares of Vonovia from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 23rd. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Vonovia Price Performance

The firm has a 50 day simple moving average of $12.33 and a 200-day simple moving average of $13.59. The company has a market cap of $20.70 billion, a price-to-earnings ratio of 4.62 and a beta of 1.24.

Vonovia (OTCMKTS:VONOY) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. Vonovia had a return on equity of 14.51% and a net margin of 56.28%.The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.01 billion. Research analysts anticipate 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.