Vonovia (OTCMKTS:VONOY) Sees Unusually-High Trading Volume – What’s Next?

Shares of Vonovia SE Unsponsored ADR (OTCMKTS:VONOY) saw strong trading volume on Tuesday. Approximately 843,833 shares were traded during mid-day trading, an increase of 183% from the previous session’s volume of 297,661 shares. The stock last traded at $9.2449 and had previously closed at $9.13.

Analyst Upgrades and Downgrades

VONOY has been the topic of a number of analyst reports. The Goldman Sachs Group downgraded shares of Vonovia from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 7th. Zacks Research raised shares of Vonovia from a “strong sell” rating to a “hold” rating in a research report on Monday, August 24th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Vonovia from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Vonovia Stock Performance

The stock has a market cap of $15.69 billion, a PE ratio of 3.20 and a beta of 1.22. The firm has a fifty day moving average price of $10.73 and a 200 day moving average price of $11.88.

Vonovia (OTCMKTS:VONOY) last announced its earnings results on Wednesday, August 5th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.24. Vonovia had a return on equity of 15.40% and a net margin of 61.85%. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.01 billion. On average, equities research analysts forecast that Vonovia SE Unsponsored ADR will post 1.07 earnings per share for the current year.

Vonovia Company Profile

Vonovia SE is a Germany-based residential real estate company that owns, manages and develops housing properties. Its portfolio primarily consists of apartments for private tenants, along with related residential and community facilities.

The company provides property management, maintenance, modernization and tenant services. Vonovia also offers energy-related solutions and invests in measures intended to improve the efficiency and quality of its buildings, including renovations and new residential construction.

Vonovia serves residential markets mainly in Germany, Sweden and Austria.