RWE Aktiengesellschaft (OTCMKTS:RWEOY) Stock Price Passes Above 50 Day Moving Average – Here’s Why

RWE Aktiengesellschaft (OTCMKTS:RWEOY) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $34.58 and traded as high as $39.31. RWE Aktiengesellschaft shares last traded at $39.10, with a volume of 36,391 shares traded.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley reiterated an “overweight” rating on shares of RWE Aktiengesellschaft in a research note on Monday, March 24th.

RWE Aktiengesellschaft Stock Up 1.0 %

The firm’s 50 day moving average price is $34.58 and its two-hundred day moving average price is $32.67. The firm has a market capitalization of $26.44 billion, a PE ratio of 9.49 and a beta of 0.77. The company has a quick ratio of 1.42, a current ratio of 1.55 and a debt-to-equity ratio of 0.45.

RWE Aktiengesellschaft (OTCMKTS:RWEOY) last posted its quarterly earnings data on Thursday, March 20th. The utilities provider reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.15. RWE Aktiengesellschaft had a net margin of 12.03% and a return on equity of 8.16%. The company had revenue of $8.82 billion during the quarter, compared to analysts’ expectations of $18.09 billion. As a group, research analysts forecast that RWE Aktiengesellschaft will post 3.18 EPS for the current fiscal year.

About RWE Aktiengesellschaft

RWE Aktiengesellschaft generates and supplies electricity from renewable and conventional sources in Germany, the United Kingdom, rest of Europe, North America, and internationally. It operates through five segments: Offshore Wind; Onshore Wind/Solar; Hydro/Biomass/Gas; Supply & Trading; and Coal/Nuclear.