RWE (OTCMKTS:RWEOY) Sees Strong Trading Volume - Here's Why

Key Points

• RWE AG experienced a significant increase in trading volume, with 364,326 shares traded on Thursday, marking a 217% rise from the previous day's volume.
• Analysts have upgraded RWE's stock rating from "market perform" to "outperform," with an average rating of "Buy."
• The company has a market cap of $29.62 billion and operates through multiple segments, including Offshore Wind and Supply & Trading.

RWE AG (OTCMKTS:RWEOY - Get Free Report) saw an uptick in trading volume on Thursday . 364,326 shares were traded during mid-day trading, an increase of 217% from the previous session's volume of 115,052 shares.The stock last traded at $43.76 and had previously closed at $43.59.

Analysts Set New Price Targets

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

RWE Trading Up 0.5%

The firm has a 50 day simple moving average of $41.74 and a 200 day simple moving average of $39.40. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.21 and a current ratio of 1.27. The firm has a market cap of $29.62 billion, a P/E ratio of 11.40 and a beta of 0.69.

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.

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.