OMV Aktiengesellschaft (OTCMKTS:OMVJF) Hits New 52-Week High - Time to Buy?

Key Points

• OMV hit a new 52-week high of $68.80 in mid-day trading (up about 2.2%), though volume was very light at just 111 shares.
• Valuation and technicals: market cap $22.50 billion, P/E 13.33 and beta 0.82, with the stock trading well above its 50-day ($60.66) and 200-day ($56.34) moving averages.
• Business overview: OMV is a Vienna-based integrated oil & gas company involved in exploration & production, refining, petrochemicals and retail/service-station distribution.

Shares of OMV Aktiengesellschaft (OTCMKTS:OMVJF - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $68.80 and last traded at $68.80, with a volume of 111 shares traded. The stock had previously closed at $67.31.

OMV Aktiengesellschaft Stock Up 2.2%

The company has a market cap of $22.50 billion, a P/E ratio of 13.33 and a beta of 0.82. The company has a 50 day moving average price of $60.66 and a 200-day moving average price of $56.34.

OMV Aktiengesellschaft Company Profile

OMV Aktiengesellschaft is an integrated oil and gas company headquartered in Vienna, Austria. It conducts a full range of activities across the hydrocarbon value chain, including exploration and production of crude oil and natural gas, refinement of petroleum products, and the production and marketing of petrochemicals. The company serves industrial, commercial and retail customers through a combination of direct sales, wholesale trading and a network of service stations and distribution channels.

On the upstream side, OMV pursues exploration and production projects to develop oil and gas reserves, and it operates equity interests and joint ventures in producing fields and exploration licences.

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