Deutsche Boerse (OTCMKTS:DBOEY) Shares Gap Up – Here’s What Happened

Deutsche Boerse AG (OTCMKTS:DBOEY) gapped up prior to trading on Friday . The stock had previously closed at $23.83, but opened at $25.00. Deutsche Boerse shares last traded at $24.98, with a volume of 33,764 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on DBOEY shares. Kepler Capital Markets lowered Deutsche Boerse from a “hold” rating to a “strong sell” rating in a report on Thursday, November 6th. Cfra Research raised Deutsche Boerse to a “hold” rating in a research report on Tuesday, October 28th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Deutsche Boerse currently has an average rating of “Hold”.

Deutsche Boerse Stock Performance

The firm has a market capitalization of $46.74 billion, a price-to-earnings ratio of 20.68, a PEG ratio of 4.16 and a beta of 0.58. The company has a 50-day moving average price of $25.83 and a 200-day moving average price of $29.15.

Deutsche Boerse (OTCMKTS:DBOEY) last issued its earnings results on Monday, October 27th. The financial services provider reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.04. The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.46 billion. Deutsche Boerse had a return on equity of 19.52% and a net margin of 31.24%. On average, research analysts expect that Deutsche Boerse AG will post 1.12 earnings per share for the current fiscal year.

About Deutsche Boerse

Deutsche Börse AG operates as an exchange organization in Europe, America, and the Asia-Pacific. The company operates through four segments: Data & Analytics; Trading & Clearing; Fund Services; and Securities Services. It engages in the trading of derivatives, electricity and gas products, emission rights, foreign exchange, and commodity products; operating EEX and 360T over the counter trading platform for financial instruments, such as foreign exchange, money market, and interest rate products; and operating as a central counterparty.