OMV (OTCMKTS:OMVKY) Share Price Passes Above 200 Day Moving Average - Here's What Happened

Key Points

• OMV AG's share price has surpassed its 200-day moving average of $12.72, trading as high as $14.08 before settling at $13.95.
• The company reported a strong EPS of $1.34 for the last quarter, significantly beating the analysts' expectations of $0.34, although its revenue fell short of estimates.
• OMV has recently cut its dividend, with a payout of $0.3423 representing a yield of 256.0%, which raises concerns about its future financial stability.

OMV AG (OTCMKTS:OMVKY - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.72 and traded as high as $14.08. OMV shares last traded at $13.95, with a volume of 2,397 shares.

OMV Price Performance

The company has a market capitalization of $18.08 billion, a P/E ratio of 4.47, a PEG ratio of 1.64 and a beta of 0.31. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.35 and a current ratio of 1.64. The stock has a 50 day moving average price of $13.58 and a 200 day moving average price of $12.83.

OMV (OTCMKTS:OMVKY - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $1.34 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $1.00. The company had revenue of $6.64 billion for 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 research analysts forecast that OMV AG will post 1.64 earnings per share for the current fiscal year.

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.