OMV Aktiengesellschaft (OTCMKTS:OMVKY) Share Price Crosses Above 200-Day Moving Average - Here's Why

OMV Aktiengesellschaft (OTCMKTS:OMVKY - Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $11.30 and traded as high as $13.65. OMV Aktiengesellschaft shares last traded at $13.65, with a volume of 19,052 shares changing hands.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Berenberg Bank raised OMV Aktiengesellschaft from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 18th. Cfra Research raised OMV Aktiengesellschaft to a "moderate sell" rating in a research note on Wednesday, April 9th.

OMV Aktiengesellschaft Price Performance

The firm has a market capitalization of $16.23 billion, a PE ratio of 4.98, a price-to-earnings-growth ratio of 0.80 and a beta of 0.26. The business has a 50-day moving average of $12.81 and a 200 day moving average of $11.32. The company has a current ratio of 1.71, a quick ratio of 1.26 and a debt-to-equity ratio of 0.28.

OMV Aktiengesellschaft (OTCMKTS:OMVKY - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $1.33 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.91. The business had revenue of $6.75 billion during the quarter, compared to analyst estimates of $9.29 billion. OMV Aktiengesellschaft had a return on equity of 8.35% and a net margin of 4.02%. As a group, research analysts anticipate that OMV Aktiengesellschaft will post 1.64 EPS for the current fiscal year.

OMV Aktiengesellschaft Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Friday, June 6th will be given a dividend of $0.3423 per share. This represents a dividend yield of 2.56%. The ex-dividend date is Thursday, June 5th. OMV Aktiengesellschaft's dividend payout ratio is presently 21.88%.

About OMV Aktiengesellschaft

OMV Aktiengesellschaft operates as an energy and chemicals company in Austria, Germany, Romania, Norway, Belgium, New Zealand, the United Arab Emirates, the rest of Central and Eastern Europe, the rest of Europe, and internationally. It operates through three segments: Chemicals & Materials, Fuels & Feedstock, and Energy.