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

Key Points

• OMV AG shares recently crossed above their 200-day moving average of $12.52, reaching a trading high of $13.94.
• The company reported a strong quarterly earnings performance with an EPS of $1.34, significantly above analysts' expectations of $0.34.
• OMV has announced a dividend cut, with a recent payout yielding 256.0%, and a dividend payout ratio of 18.77%.

Shares of OMV AG (OTCMKTS:OMVKY - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.52 and traded as high as $13.94. OMV shares last traded at $13.92, with a volume of 4,376 shares changing hands.

OMV Trading Up 2.3%

The stock's fifty day simple moving average is $13.36 and its 200 day simple moving average is $12.52. The company has a quick ratio of 1.35, a current ratio of 1.64 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $18.22 billion, a PE ratio of 4.50, a PEG ratio of 1.64 and a beta of 0.28.

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

OMV Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, June 17th. Shareholders of record on Friday, June 6th were given a dividend of $0.3423 per share. The ex-dividend date was Thursday, June 5th. This represents a yield of 256.0%. OMV's dividend payout ratio (DPR) is 18.77%.

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.

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