OMV Aktiengesellschaft (OTCMKTS:OMVKY) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Shares of OMV Aktiengesellschaft (OTCMKTS:OMVKY) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.40 and traded as high as $12.58. OMV Aktiengesellschaft shares last traded at $12.44, with a volume of 41,420 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised shares of OMV Aktiengesellschaft from a “hold” rating to a “strong-buy” rating in a report on Tuesday.

OMV Aktiengesellschaft Price Performance

The business’s fifty day simple moving average is $10.74 and its 200-day simple moving average is $10.41. The company has a current ratio of 1.71, a quick ratio of 1.26 and a debt-to-equity ratio of 0.28. The firm has a market cap of $16.02 billion, a P/E ratio of 4.92, a PEG ratio of 0.80 and a beta of 0.67.

OMV Aktiengesellschaft (OTCMKTS:OMVKY) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $1.40. OMV Aktiengesellschaft had a net margin of 4.02% and a return on equity of 8.35%. As a group, analysts forecast that OMV Aktiengesellschaft will post 1.64 EPS for the current fiscal year.

About OMV Aktiengesellschaft

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.