E.On (OTCMKTS:EONGY) Share Price Crosses Below Fifty Day Moving Average - Should You Sell?

Key Points

• E.On shares fell below their 50-day moving average, trading as low as $19.799 and last changing hands at $19.90, down 2.4%. The stock’s 50-day and 200-day averages were $21.01 and $21.46, respectively.
• Analyst sentiment remains generally positive, with recent upgrades from UBS, Jefferies and Berenberg. MarketBeat’s consensus rating is “Moderate Buy”, based on one Strong Buy, three Buy and five Hold ratings.
• E.On’s latest quarterly results missed expectations: earnings per share came in at $0.25 versus a $0.35 consensus estimate, while revenue was $18.89 billion compared with an expected $40.44 billion. Analysts expect full-year EPS of $1.23.

Shares of E.On Se (OTCMKTS:EONGY - Get Free Report) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $21.01 and traded as low as $19.7990. E.On shares last traded at $19.90, with a volume of 191,910 shares.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on EONGY. UBS Group raised E.On from a "hold" rating to a "buy" rating in a report on Monday, September 7th. Jefferies Financial Group upgraded E.On from a "hold" rating to a "buy" rating in a research report on Sunday, August 2nd. Berenberg Bank raised E.On from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 25th. Royal Bank Of Canada restated a "sector perform" rating on shares of E.On in a research report on Thursday, July 9th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of E.On in a report on Friday, July 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy".

E.On Stock Down 2.4%

The firm's 50 day simple moving average is $21.01 and its 200-day simple moving average is $21.46. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $52.02 billion, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 4.71 and a beta of 0.69.

E.On (OTCMKTS:EONGY - Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The utilities provider reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.10). E.On had a net margin of 4.49% and a return on equity of 11.54%. The company had revenue of $18.89 billion during the quarter, compared to the consensus estimate of $40.44 billion. Equities analysts expect that E.On Se will post 1.23 earnings per share for the current fiscal year.

E.On Company Profile

E.ON SE is a Germany-based energy company focused primarily on energy networks and customer solutions. Its network business operates electricity and gas distribution infrastructure, while its customer-solutions activities provide electricity, natural gas and renewable energy products, along with energy-management services for residential, commercial and industrial customers.

The company also offers decentralized energy solutions, including solar power, battery storage, electric-vehicle charging and energy-efficiency services.

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