Vonovia (OTCMKTS:VONOY) Shares Gap Down – Time to Sell?

Vonovia SE Unsponsored ADR (OTCMKTS:VONOY)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $12.94, but opened at $12.30. Vonovia shares last traded at $12.24, with a volume of 21,440 shares traded.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Vonovia in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Vonovia presently has a consensus rating of “Moderate Buy”.

Vonovia Trading Down 5.1%

The firm has a market capitalization of $20.78 billion, a P/E ratio of 4.64 and a beta of 1.27. The firm has a 50 day moving average price of $13.16 and a 200-day moving average price of $14.23.

Vonovia (OTCMKTS:VONOY) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.01 billion. Vonovia had a return on equity of 14.79% and a net margin of 56.28%. Research analysts anticipate that Vonovia SE Unsponsored ADR will post 1.22 earnings per share for the current year.

Vonovia Company Profile

Vonovia SE is a Germany-based residential real estate company headquartered in Bochum that owns, manages and develops rental housing. Its core activities center on long-term residential leasing, property and facility management, maintenance and modernization of apartment portfolios, and project development. Vonovia provides tenant services and operational support to maintain and upgrade its buildings, with an increasing focus on energy-efficiency measures and building refurbishments to modernize stock and reduce operating costs.

The company traces its roots to Deutsche Annington and adopted the Vonovia name following a period of consolidation and growth; it has expanded through a series of acquisitions to become one of the largest residential landlords in Germany.