RWE (OTCMKTS:RWEOY) Sees Unusually-High Trading Volume - Still a Buy?

Key Points

• RWE AG experienced a significant increase in trading volume, with 729,364 shares traded, marking a 670% rise from the previous session.
• Sanford C. Bernstein upgraded RWE's rating from "market perform" to "outperform," contributing to a consensus rating of "Buy" among analysts.
• The stock is currently priced at $41.94, with the company holding a market cap of $28.54 billion and a P/E ratio of 10.99.

RWE AG (OTCMKTS:RWEOY - Get Free Report) saw unusually-high trading volume on Friday . Approximately 729,364 shares changed hands during mid-day trading, an increase of 670% from the previous session's volume of 94,666 shares.The stock last traded at $41.94 and had previously closed at $41.71.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein raised RWE from a "market perform" rating to an "outperform" rating in a research report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy".

RWE Price Performance

The company has a fifty day simple moving average of $41.69 and a 200-day simple moving average of $39.34. The company has a current ratio of 1.27, a quick ratio of 1.21 and a debt-to-equity ratio of 0.41.

RWE Company Profile

RWE Aktiengesellschaft generates and supplies electricity from renewable and conventional sources in Germany, the United Kingdom, rest of Europe, North America, and internationally. It operates through five segments: Offshore Wind; Onshore Wind/Solar; Hydro/Biomass/Gas; Supply & Trading; and Coal/Nuclear.