OMV Aktiengesellschaft (OTCMKTS:OMVKY) Stock Price Passes Above 200-Day Moving Average – Here’s Why

OMV Aktiengesellschaft (OTCMKTS:OMVKY)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.30 and traded as high as $13.65. OMV Aktiengesellschaft shares last traded at $13.65, with a volume of 19,052 shares.

Analyst Ratings Changes

A number of research firms recently commented on OMVKY. Cfra Research raised shares of OMV Aktiengesellschaft to a “moderate sell” rating in a report on Wednesday, April 9th. Berenberg Bank upgraded shares of OMV Aktiengesellschaft from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 18th.

OMV Aktiengesellschaft Trading Up 0.7%

The company has a debt-to-equity ratio of 0.28, a current ratio of 1.71 and a quick ratio of 1.26. The stock has a market cap of $17.87 billion, a P/E ratio of 5.48, a PEG ratio of 0.80 and a beta of 0.25. The firm’s fifty day moving average price is $12.80 and its two-hundred day moving average price is $11.30.

OMV Aktiengesellschaft (OTCMKTS:OMVKY) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.91. OMV Aktiengesellschaft had a return on equity of 8.35% and a net margin of 4.02%. The firm had revenue of $6.75 billion during the quarter, compared to analyst estimates of $9.29 billion. As a group, equities research analysts forecast that OMV Aktiengesellschaft will post 1.64 EPS for the current year.

OMV Aktiengesellschaft Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Friday, June 6th will be issued a $0.3423 dividend. This represents a yield of 2.56%. The ex-dividend date of this dividend is Thursday, June 5th. OMV Aktiengesellschaft’s dividend payout ratio (DPR) is currently 21.88%.

OMV Aktiengesellschaft Company Profile

OMV Aktiengesellschaft operates as an energy and chemicals company in Austria, Germany, Romania, Norway, Belgium, New Zealand, the United Arab Emirates, the rest of Central and Eastern Europe, the rest of Europe, and internationally. It operates through three segments: Chemicals & Materials, Fuels & Feedstock, and Energy.