Deutsche Boerse (OTCMKTS:DBOEY) Stock Passes Below 50 Day Moving Average – Should You Sell?

Deutsche Boerse AG (OTCMKTS:DBOEY)’s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $25.49 and traded as low as $25.03. Deutsche Boerse shares last traded at $25.15, with a volume of 370,208 shares changing hands.

Analyst Ratings Changes

DBOEY has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised Deutsche Boerse from a “neutral” rating to an “overweight” rating in a research note on Friday, November 28th. Cfra Research raised shares of Deutsche Boerse to a “hold” rating in a research note on Tuesday, October 28th. Finally, Kepler Capital Markets cut shares of Deutsche Boerse from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 6th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Deutsche Boerse has an average rating of “Hold”.

Deutsche Boerse Stock Performance

The firm’s 50-day simple moving average is $25.49 and its 200 day simple moving average is $28.38. The company has a market cap of $47.36 billion, a P/E ratio of 20.96, a PEG ratio of 4.05 and a beta of 0.53.

Deutsche Boerse (OTCMKTS:DBOEY) last announced its quarterly earnings results on Monday, October 27th. The financial services provider reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. Deutsche Boerse had a net margin of 31.24% and a return on equity of 19.20%. The company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.46 billion. As a group, research analysts forecast that Deutsche Boerse AG will post 1.12 earnings per share for the current year.

About Deutsche Boerse

Deutsche Börse AG operates as an exchange organization in Europe, America, and the Asia-Pacific. The company operates through four segments: Data & Analytics; Trading & Clearing; Fund Services; and Securities Services. It engages in the trading of derivatives, electricity and gas products, emission rights, foreign exchange, and commodity products; operating EEX and 360T over the counter trading platform for financial instruments, such as foreign exchange, money market, and interest rate products; and operating as a central counterparty.