OMV (OTCMKTS:OMVKY) Stock Crosses Above 200-Day Moving Average - Should You Sell?

Key Points

• OMV AG stock surpassed its 200-day moving average of $13.21, trading as high as $13.38, with current trading at $13.18.
• Analysts show mixed sentiments; while Zacks Research upgraded OMV to a "strong-buy" rating, Royal Bank of Canada maintains a "sector perform" rating.
• OMV reported a strong quarterly earnings performance of $1.34 EPS, exceeding estimates, despite revenue of $6.64 billion falling short of the $8.41 billion consensus forecast.

OMV AG (OTCMKTS:OMVKY - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.21 and traded as high as $13.38. OMV shares last traded at $13.18, with a volume of 23,960 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have commented on OMVKY. Royal Bank Of Canada began coverage on shares of OMV in a report on Wednesday, September 24th. They set a "sector perform" rating on the stock. Erste Group Bank raised shares of OMV to a "hold" rating in a report on Monday, September 22nd. Finally, Zacks Research raised shares of OMV from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 25th. Two investment analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to MarketBeat, OMV currently has a consensus rating of "Buy".

OMV Stock Performance

The stock has a market capitalization of $17.25 billion, a PE ratio of 4.27 and a beta of 0.24. 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 business's fifty day moving average price is $13.53 and its 200-day moving average price is $13.21.

OMV (OTCMKTS:OMVKY - Get Free Report) last announced its quarterly earnings results 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. OMV had a net margin of 3.12% and a return on equity of 7.02%. The firm had revenue of $6.64 billion for the quarter, compared to the consensus estimate of $8.41 billion. As a group, equities research analysts expect that OMV AG will post 1.64 EPS for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.