OMV (OTCMKTS:OMVKY) Shares Cross Above 200-Day Moving Average - Time to Sell?

Key Points

• OMV AG's share price has recently surpassed its 200-day moving average of $12.37, reaching a high of $13.40 during trading.
• The company's quarterly earnings report revealed an EPS of $1.34, significantly beating consensus estimates of $0.34, although revenue fell short at $6.64 billion against an expected $8.41 billion.
• OMV recently announced a dividend of $0.3423 per share, with a yield of 256.0%, although the company has a low dividend payout ratio of 18.77%.

OMV AG (OTCMKTS:OMVKY - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.37 and traded as high as $13.40. OMV shares last traded at $13.17, with a volume of 12,138 shares changing hands.

OMV Price Performance

The firm has a market capitalization of $17.87 billion, a PE ratio of 4.42, a PEG ratio of 1.61 and a beta of 0.28. The stock has a 50-day moving average price of $13.30 and a 200 day moving average price of $12.45. The company has a quick ratio of 1.35, a current ratio of 1.64 and a debt-to-equity ratio of 0.24.

OMV (OTCMKTS:OMVKY - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $1.34 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $1.00. The business had revenue of $6.64 billion during the quarter, compared to analysts' expectations of $8.41 billion. OMV had a return on equity of 7.02% and a net margin of 3.12%. Equities analysts forecast that OMV AG will post 1.64 EPS for the current fiscal year.

OMV Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, June 17th. Shareholders of record on Friday, June 6th were issued a dividend of $0.3423 per share. The ex-dividend date of this dividend was Thursday, June 5th. This represents a dividend yield of 256.0%. OMV's dividend payout ratio is presently 18.77%.

About OMV

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.