Vonovia (OTCMKTS:VONOY) Sets New 52-Week Low – Here’s What Happened

Shares of Vonovia SE Unsponsored ADR (OTCMKTS:VONOY) reached a new 52-week low during trading on Monday . The company traded as low as $10.1750 and last traded at $10.30, with a volume of 8424 shares. The stock had previously closed at $10.40.

Wall Street Analysts Forecast Growth

VONOY has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft raised Vonovia from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. Zacks Research raised shares of Vonovia from a “strong sell” rating to a “hold” rating in a research report on Monday, August 24th. Finally, The Goldman Sachs Group lowered shares of Vonovia from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 7th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Vonovia Trading Down 1.2%

The firm has a 50-day moving average of $11.71 and a 200 day moving average of $12.60. The stock has a market capitalization of $17.44 billion, a price-to-earnings ratio of 3.56 and a beta of 1.22.

Vonovia (OTCMKTS:VONOY) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.24. Vonovia had a net margin of 61.85% and a return on equity of 15.40%. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.01 billion. As a group, research analysts forecast that Vonovia SE Unsponsored ADR will post 1 EPS for the current year.

Vonovia Company Profile

Vonovia SE is a German residential real estate company headquartered in Bochum. The company owns, manages and develops residential properties, with a focus on providing housing and related services to tenants. Its activities include property management, maintenance, modernization, energy services and the development of new residential buildings.

Vonovia’s portfolio is concentrated in Germany, with additional operations in Austria and Sweden. Through its local platforms and service businesses, the company provides tenant support, building maintenance, technical services and measures designed to improve the energy efficiency and quality of its properties.

The company traces its roots to Deutsche Annington, which acquired GAGFAH in 2015 and subsequently adopted the Vonovia name.