OMV (OTCMKTS:OMVKY) Shares Pass Above Two Hundred Day Moving Average - What's Next?

Key Points

• OMV AG shares surpassed their two hundred day moving average of $13.09, reaching a high of $13.34 during trading on Friday, before closing at $13.29.
• The company reported $1.34 earnings per share for the last quarter, significantly beating analysts' expectations of $0.34, although revenue was lower than estimates at $6.64 billion.
• OMV has a market capitalization of $17.39 billion and financial ratios indicating stability, including a debt-to-equity ratio of 0.24 and a quick ratio of 1.35.

OMV AG (OTCMKTS:OMVKY - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.09 and traded as high as $13.34. OMV shares last traded at $13.29, with a volume of 3,642 shares trading hands.

OMV Stock Performance

The stock has a market capitalization of $17.44 billion, a PE ratio of 4.31, a P/E/G ratio of 1.58 and a beta of 0.31. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.64 and a quick ratio of 1.35. The stock has a 50 day moving average of $13.56 and a two-hundred day moving average of $13.12.

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

OMV Company Profile

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.