Deutsche Boerse (OTCMKTS:DBOEY) Sees Strong Trading Volume – Here’s What Happened

Deutsche Boerse AG (OTCMKTS:DBOEY) saw strong trading volume on Wednesday . 436,112 shares were traded during mid-day trading, an increase of 27% from the previous session’s volume of 342,690 shares.The stock last traded at $27.1265 and had previously closed at $27.15.

Analyst Ratings Changes

Several brokerages recently issued reports on DBOEY. Oddo Bhf raised Deutsche Boerse to an “outperform” rating in a research note on Tuesday, April 28th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Deutsche Boerse in a report on Friday, May 1st. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Deutsche Boerse Trading Up 4.1%

The firm has a market cap of $50.79 billion, a PE ratio of 21.69, a P/E/G ratio of 1.76 and a beta of 0.44. The business’s 50-day simple moving average is $28.92 and its 200 day simple moving average is $27.54.

Deutsche Boerse (OTCMKTS:DBOEY) last announced its quarterly earnings results on Monday, April 27th. The financial services provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.01. The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.90 billion. Deutsche Boerse had a net margin of 32.67% and a return on equity of 19.99%. Analysts expect that Deutsche Boerse AG will post 1.42 earnings per share for the current year.

Deutsche Boerse Company Profile

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.