E.On (OTCMKTS:EONGY) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of E.On Se (OTCMKTS:EONGY) saw unusually-high trading volume on Tuesday. 736,568 shares changed hands during mid-day trading, an increase of 237% from the average daily volume of 218,656 shares. The stock last traded at $21.57 and had previously closed at $21.63.

Analyst Ratings Changes

Several research firms recently commented on EONGY. Sanford C. Bernstein upgraded E.On to a “strong-buy” rating in a research report on Wednesday, October 21st. Berenberg Bank upgraded E.On from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 25th. UBS Group raised E.On from a “hold” rating to a “buy” rating in a research note on Monday, September 7th. Finally, Jefferies Financial Group upgraded E.On from a “hold” rating to a “buy” rating in a report on Sunday, August 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, E.On presently has an average rating of “Moderate Buy”.

E.On Stock Performance

The stock has a market capitalization of $55.45 billion, a PE ratio of 14.14, a PEG ratio of 5.02 and a beta of 0.67. The business’s 50 day moving average is $20.13 and its 200 day moving average is $21.24. The company has a current ratio of 0.96, a quick ratio of 0.90 and a debt-to-equity ratio of 1.38.

E.On (OTCMKTS:EONGY) last announced its quarterly earnings data on Wednesday, November 11th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.07). E.On had a return on equity of 11.35% and a net margin of 4.49%. The firm had revenue of $18.82 billion during the quarter, compared to the consensus estimate of $39.52 billion. On average, equities research analysts predict that E.On Se will post 1.23 earnings per share for the current fiscal year.

About E.On

E.ON SE is a Germany-based energy company focused primarily on energy networks and customer solutions. The company operates electricity distribution networks and gas networks, helping deliver energy to homes, businesses and other organizations. E.ON also supplies electricity and gas to retail and commercial customers and provides services such as energy management, energy efficiency and electric-vehicle charging. Its operations span several European countries, with a substantial presence in Germany and the United Kingdom.