Vonovia (OTCMKTS:VONOY) Sees Large Volume Increase - Time to Buy?

Key Points

• Vonovia SE shares experienced a trading volume increase, with 60,958 shares traded, though this reflected an 18% decline from the previous session.
• Jefferies Financial Group upgraded Vonovia's stock rating from "hold" to "buy," contributing to an overall average rating of "Moderate Buy" from analysts.
• For the latest fiscal quarter, Vonovia reported $0.22 earnings per share and forecasts a total of 1.05 earnings per share for the current fiscal year.

Vonovia SE Unsponsored ADR (OTCMKTS:VONOY - Get Free Report) shares saw an uptick in trading volume on Tuesday . 60,958 shares were traded during trading, a decline of 18% from the previous session's volume of 74,786 shares.The stock last traded at $15.36 and had previously closed at $15.33.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group upgraded shares of Vonovia from a "hold" rating to a "buy" rating in a report on Sunday, September 7th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy".

Vonovia Trading Up 1.0%

The stock's fifty day moving average price is $15.93 and its 200-day moving average price is $15.93.

Vonovia (OTCMKTS:VONOY - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.22 earnings per share for the quarter. Vonovia had a negative net margin of 7.37% and a positive return on equity of 1.09%. The firm had revenue of $1.44 billion during the quarter. Research analysts forecast that Vonovia SE Unsponsored ADR will post 1.05 earnings per share for the current fiscal year.

About Vonovia

Vonovia SE operates as an integrated residential real estate company in Europe. It operates through four segments: Rental, Value-Add, Recurring Sales, and Development. The company offers property management services; property-related services; and value-added services, including maintenance and modernization of residential properties, craftsmen and residential environment organization, condominium administration, cable TV, metering, energy supply, and insurances services.

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