Vonovia (OTCMKTS:VONOY) Shares Down 0.6% - What's Next?

Key Points

• Vonovia SE's share price decreased by 0.6%, trading between $15.94 and $16.04 during mid-day on Monday, with a significant drop in trading volume.
• Jefferies Financial Group upgraded Vonovia from a "hold" to a "buy" rating, contributing to an overall average rating of "buy" for the stock.
• For its most recent quarter, Vonovia reported an EPS of $0.22 and anticipates posting $1.05 earnings per share for the current year, despite experiencing a negative net margin of 7.37%.

Vonovia SE Unsponsored ADR (OTCMKTS:VONOY - Get Free Report)'s share price dropped 0.6% during mid-day trading on Monday . The stock traded as low as $15.94 and last traded at $16.04. Approximately 65,477 shares traded hands during mid-day trading, a decline of 36% from the average daily volume of 102,405 shares. The stock had previously closed at $16.14.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised shares of Vonovia from a "hold" rating to a "buy" rating in a report on Sunday, September 7th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Vonovia currently has an average rating of "Buy".

Vonovia Trading Down 0.6%

The firm has a fifty day moving average price of $15.82 and a 200-day moving average price of $16.16.

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