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

Shares of Vonovia SE Unsponsored ADR (OTCMKTS:VONOY) 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.

Analyst Upgrades and Downgrades

VONOY has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft raised shares of Vonovia from a “hold” rating to a “buy” rating in a research note on Thursday, June 25th. Zacks Research raised Vonovia from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 23rd. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Vonovia has a consensus rating of “Moderate Buy”.

Vonovia Stock Performance

The stock’s 50-day moving average price is $12.39 and its two-hundred day moving average price is $13.62. The stock has a market capitalization of $20.24 billion, a PE ratio of 4.52 and a beta of 1.24.

Vonovia (OTCMKTS:VONOY) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.01 billion. Vonovia had a net margin of 56.28% and a return on equity of 14.51%. On average, analysts predict that Vonovia SE Unsponsored ADR will post 0.97 earnings per share 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.