Verbund (OTCMKTS:OEZVY) Stock Price Crosses Below 50 Day Moving Average – Here’s What Happened

Verbund Ag (OTCMKTS:OEZVY)’s share price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $14.65 and traded as low as $14.63. Verbund shares last traded at $14.63, with a volume of 116 shares traded.

Wall Street Analyst Weigh In

Separately, Kepler Capital Markets raised Verbund from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. One investment analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Strong Sell”.

Verbund Price Performance

The stock has a 50-day moving average of $14.65 and a 200-day moving average of $15.18.

Verbund (OTCMKTS:OEZVY) last released its earnings results on Thursday, July 31st. The company reported $0.27 EPS for the quarter. The firm had revenue of $1.98 billion during the quarter.

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.