Vonovia (OTCMKTS:VONOY) Sees Unusually-High Trading Volume - Here's Why

Key Points

• Vonovia SE experienced a significant increase in trading volume, with approximately 279,268 shares trading hands, a rise of 280% from the previous session.
• Jefferies Financial Group upgraded Vonovia's rating from "hold" to "buy", contributing to a consensus rating of "Moderate Buy" among analysts.
• The company's latest earnings report showed a revenue of $1.44 billion and earnings per share (EPS) of $0.22 for the quarter.

Vonovia SE Unsponsored ADR (OTCMKTS:VONOY - Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 279,268 shares traded hands during trading, an increase of 280% from the previous session's volume of 73,498 shares.The stock last traded at $15.51 and had previously closed at $15.25.

Analyst Upgrades and Downgrades

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

Vonovia Trading Up 2.0%

The business has a 50-day simple moving average of $16.04 and a 200-day simple moving average of $15.89.

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

Vonovia Company Profile

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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