Deutsche Boerse (OTCMKTS:DBOEY) Stock Price Crosses Below Fifty Day Moving Average - What's Next?

Key Points

• Deutsche Boerse's stock price fell below its 50-day moving average of $30.15, trading as low as $28.90 before closing at $29.04.
• Despite this decline, Deutsche Bank has maintained a "buy" rating, while UBS has downgraded it from a "strong-buy" to a "hold" rating, resulting in an average rating of "hold" from analysts.
• Deutsche Boerse reported earnings of $0.34 per share for the last quarter, exceeding estimates, with a revenue of $3.51 billion compared to an expected $1.52 billion.

Deutsche Boerse AG (OTCMKTS:DBOEY - Get Free Report) shares passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $30.15 and traded as low as $28.90. Deutsche Boerse shares last traded at $29.04, with a volume of 151,313 shares trading hands.

Wall Street Analyst Weigh In

DBOEY has been the topic of a number of analyst reports. UBS Group cut Deutsche Boerse from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, June 11th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Deutsche Boerse in a research report on Friday, July 11th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold".

Deutsche Boerse Stock Down 0.4%

The firm has a market capitalization of $52.97 billion, a P/E ratio of 24.04, a P/E/G ratio of 5.03 and a beta of 0.68. The stock has a fifty day moving average of $29.85 and a 200-day moving average of $30.42.

Deutsche Boerse (OTCMKTS:DBOEY - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.06. Deutsche Boerse had a return on equity of 19.15% and a net margin of 30.17%.The firm had revenue of $3.51 billion for the quarter, compared to analyst estimates of $1.52 billion. Sell-side analysts predict that Deutsche Boerse AG will post 1.12 EPS for the current fiscal year.

About Deutsche Boerse

Deutsche Börse AG operates as an exchange organization in Europe, America, and the Asia-Pacific. The company operates through four segments: Data & Analytics; Trading & Clearing; Fund Services; and Securities Services. It engages in the trading of derivatives, electricity and gas products, emission rights, foreign exchange, and commodity products; operating EEX and 360T over the counter trading platform for financial instruments, such as foreign exchange, money market, and interest rate products; and operating as a central counterparty.