Deutsche Boerse (OTCMKTS:DBOEY) Shares Gap Down - What's Next?

Key Points

• Deutsche Boerse's shares gapped down from $27.01 to open at $26.46, reflecting a decline in stock price amid market activity.
• UBS Group downgraded Deutsche Boerse from a "strong-buy" to a "hold" rating, while Deutsche Bank maintained a "buy" rating, resulting in an average rating of "Hold" from analysts.
• For the latest quarter, Deutsche Boerse reported earnings of $0.34 per share, exceeding expectations, with revenue significantly surpassing consensus estimates at $3.51 billion.

Deutsche Boerse AG (OTCMKTS:DBOEY - Get Free Report)'s stock price gapped down before the market opened on Friday . The stock had previously closed at $27.01, but opened at $26.46. Deutsche Boerse shares last traded at $26.58, with a volume of 7,169 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on DBOEY shares. UBS Group downgraded Deutsche Boerse from a "strong-buy" rating to a "hold" rating in a report on Wednesday, June 11th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Deutsche Boerse in a report on Friday, July 11th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Deutsche Boerse currently has an average rating of "Hold".

Deutsche Boerse Stock Down 1.6%

The business has a fifty day simple moving average of $28.65 and a two-hundred day simple moving average of $30.26. The company has a market cap of $50.03 billion, a P/E ratio of 22.71, a P/E/G ratio of 4.76 and a beta of 0.64.

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

Deutsche Boerse Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.