Deutsche Boerse (OTCMKTS:DBOEY) Shares Cross Above 50 Day Moving Average – Here’s Why

Deutsche Boerse AG (OTCMKTS:DBOEY) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $28.71 and traded as high as $30.37. Deutsche Boerse shares last traded at $30.12, with a volume of 120,269 shares trading hands.

Analyst Ratings Changes

DBOEY has been the topic of a number of research analyst reports. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Deutsche Boerse in a report on Friday, May 1st. Oddo Bhf upgraded Deutsche Boerse to an “outperform” rating in a report on Tuesday, April 28th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Deutsche Boerse currently has an average rating of “Hold”.

Deutsche Boerse Trading Down 0.7%

The business has a 50 day moving average of $28.71 and a two-hundred day moving average of $28.05. The firm has a market cap of $54.25 billion, a P/E ratio of 22.15, a PEG ratio of 1.82 and a beta of 0.44.

Deutsche Boerse (OTCMKTS:DBOEY) last released its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. Deutsche Boerse had a net margin of 33.04% and a return on equity of 20.09%. The firm had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.82 billion. On average, sell-side analysts predict that Deutsche Boerse AG will post 1.43 EPS for the current year.

About Deutsche Boerse

Deutsche Börse AG is a Germany‑based provider of marketplace infrastructure, trading technology and post‑trade services to the global financial industry. The company operates electronic trading platforms and derivatives markets, offers clearing and settlement services, and supplies market data, analytics and index products to investment banks, brokers, asset managers and listed companies.

Key businesses within the group include electronic equity trading via the Xetra trading system, derivatives trading through the Eurex exchange, and post‑trade and custody services provided by Clearstream.