Vonovia (OTCMKTS:VONOY) Shares Gap Down – Here’s What Happened

Vonovia SE Unsponsored ADR (OTCMKTS:VONOY) shares gapped down prior to trading on Friday . The stock had previously closed at $16.88, but opened at $16.12. Vonovia shares last traded at $16.60, with a volume of 1,009 shares traded.

Vonovia Price Performance

The company’s 50-day moving average is $16.75 and its two-hundred day moving average is $15.50.

Vonovia (OTCMKTS:VONOY) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.31 EPS for the quarter. Vonovia had a negative return on equity of 2.64% and a negative net margin of 29.33%. The company had revenue of $1.31 billion during the quarter. On average, equities analysts expect that Vonovia SE Unsponsored ADR will post 1.05 earnings per share for the current year.

Vonovia Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, July 10th. Shareholders of record on Monday, June 2nd were given a dividend of $0.438 per share. The ex-dividend date was Friday, May 30th. This is an increase from Vonovia’s previous dividend of $0.43. This represents a yield of 2.66%.

About Vonovia

Vonovia SE operates as an integrated residential real estate company in Europe. It operates through four segments: Rental, Value-Add, Recurring Sales, and Development. The company offers property management services; property-related services; and value-added services, including maintenance and modernization of residential properties, craftsmen and residential environment organization, condominium administration, cable TV, metering, energy supply, and insurances services.