OMV (OTCMKTS:OMVKY) Share Price Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• OMV AG shares have crossed above their 200-day moving average, trading as high as $13.75, with the last price recorded at $13.65.
• The company reported earnings of $1.34 per share for the last quarter, significantly beating the consensus estimate of $0.34, despite revenue falling short of expectations at $6.64 billion.
• OMV has a market capitalization of $17.87 billion and exhibits strong financial ratios, including a PE ratio of 4.42 and a low debt-to-equity ratio of 0.24.

OMV AG (OTCMKTS:OMVKY - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.99 and traded as high as $13.75. OMV shares last traded at $13.65, with a volume of 3,319 shares changing hands.

OMV Price Performance

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 firm has a market cap of $17.73 billion, a P/E ratio of 4.38, a PEG ratio of 1.60 and a beta of 0.32. The company's 50-day moving average is $13.59 and its two-hundred day moving average is $13.06.

OMV (OTCMKTS:OMVKY - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $1.34 EPS for the quarter, beating the consensus estimate of $0.34 by $1.00. The firm had revenue of $6.64 billion during the quarter, compared to the consensus estimate of $8.41 billion. OMV had a return on equity of 7.02% and a net margin of 3.12%. Sell-side analysts anticipate that OMV AG will post 1.64 EPS 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.