OMV (OTCMKTS:OMVKY) Shares Gap Down – Time to Sell?

OMV AG (OTCMKTS:OMVKY) gapped down before the market opened on Friday. The stock had previously closed at $20.92, but opened at $20.2140. OMV shares last traded at $20.1696, with a volume of 1,724 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on OMVKY. Zacks Research raised OMV from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 16th. Barclays reaffirmed an “underweight” rating on shares of OMV in a research report on Monday. Royal Bank Of Canada upgraded OMV from an “underperform” rating to a “sector perform” rating in a research note on Tuesday. Finally, HSBC reissued a “reduce” rating on shares of OMV in a research report on Friday, September 25th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce”.

OMV Stock Down 3.3%

The firm has a market cap of $26.50 billion, a P/E ratio of 2.14 and a beta of -0.03. The firm’s 50-day moving average price is $19.88 and its 200 day moving average price is $18.33. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.22 and a quick ratio of 0.92.

OMV Company Profile

OMV AG is an Austria-based, integrated energy, fuels and chemicals company headquartered in Vienna. Founded in 1956 as Österreichische Mineralölverwaltung, the company has developed from a national oil business into an international energy group serving customers across Europe and selected markets in the Middle East and North Africa.

OMV’s activities include the exploration and production of crude oil and natural gas, natural gas marketing and trading, refining, and the production and distribution of fuels and other energy products.