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Deutsche Boerse (OTCMKTS:DBOEY) Share Price Crosses Below 50 Day Moving Average - Here's Why

Deutsche Boerse logo with Finance background

Deutsche Boerse AG (OTCMKTS:DBOEY - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $32.02 and traded as low as $31.44. Deutsche Boerse shares last traded at $31.83, with a volume of 171,438 shares traded.

Analyst Upgrades and Downgrades

DBOEY has been the subject of a number of analyst reports. Kepler Capital Markets downgraded Deutsche Boerse from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 29th. UBS Group downgraded Deutsche Boerse from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, June 11th.

View Our Latest Report on DBOEY

Deutsche Boerse Trading Down 1.0%

The firm has a 50-day moving average of $32.01 and a 200 day moving average of $28.66. The company has a market cap of $58.69 billion, a P/E ratio of 27.10, a price-to-earnings-growth ratio of 4.75 and a beta of 0.67.

Deutsche Boerse (OTCMKTS:DBOEY - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.01. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.49 billion. Deutsche Boerse had a return on equity of 19.29% and a net margin of 28.89%. On average, equities analysts predict that Deutsche Boerse AG will post 1.12 EPS for the current year.

Deutsche Boerse Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Monday, May 19th were given a $0.2651 dividend. This is an increase from Deutsche Boerse's previous dividend of $0.26. This represents a yield of 0.83%. The ex-dividend date of this dividend was Friday, May 16th. Deutsche Boerse's dividend payout ratio (DPR) is currently 22.61%.

About Deutsche Boerse

(Get Free Report)

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.

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