Verbund (OTCMKTS:OEZVY) Shares Pass Above 50 Day Moving Average – Time to Sell?

Shares of Verbund Ag (OTCMKTS:OEZVY) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $15.12 and traded as high as $15.24. Verbund shares last traded at $14.0207, with a volume of 322 shares.

Analysts Set New Price Targets

Separately, Kepler Capital Markets upgraded Verbund from a “strong sell” rating to a “hold” rating in a research note on Monday, September 29th. One investment analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Verbund presently has a consensus rating of “Strong Sell”.

Verbund Trading Down 6.2%

The firm has a 50-day simple moving average of $15.12 and a two-hundred day simple moving average of $15.23.

Verbund Company Profile

VERBUND AG, together with its subsidiaries, generates, trades, and sells electricity to energy exchange markets, traders, electric utilities and industrial companies, and households and commercial customers. It operates through Hydro, New Renewables, Sales, Grid, and All Other segments. The company operates hydropower plants with a capacity of 8,417 megawatts (MW); wind farms with a capacity of 798 MW; solar power with a capacity of 253 MW; and two thermal power plants.