RWE (OTCMKTS:RWEOY) Sees Strong Trading Volume – Time to Buy?

RWE AG (OTCMKTS:RWEOY) shares saw strong trading volume on Wednesday . 1,407,049 shares were traded during trading, an increase of 1,986% from the previous session’s volume of 67,451 shares.The stock last traded at $64.39 and had previously closed at $62.40.

Analyst Ratings Changes

RWEOY has been the topic of a number of research reports. Sanford C. Bernstein downgraded shares of RWE from an “outperform” rating to a “hold” rating in a research report on Friday, February 13th. Zacks Research upgraded shares of RWE from a “strong sell” rating to a “hold” rating in a report on Friday, February 6th. Finally, Citigroup reaffirmed a “neutral” rating on shares of RWE in a report on Wednesday, February 11th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $53.30.

RWE Trading Up 0.7%

The company has a market capitalization of $46.67 billion, a P/E ratio of 18.37 and a beta of 0.67. The business has a 50 day moving average price of $59.36 and a 200 day moving average price of $51.03. The company has a current ratio of 1.30, a quick ratio of 1.21 and a debt-to-equity ratio of 0.42.

RWE Company Profile

RWE AG, traded in the U.S. as OTCMKTS:RWEOY, is a leading European energy company headquartered in Essen, Germany. The firm operates as an integrated utility, encompassing power generation, supply, trading and renewable energy development. Its diversified portfolio spans conventional assets—such as gas- and coal-fired power plants—and an expanding array of wind, solar and battery-storage projects managed through its RWE Renewables division.

In its conventional business, RWE Generation produces baseload and peak‐load electricity to meet industrial and consumer demand across Germany, the Netherlands and the UK.