Shares of Deutsche Wohnen SE (OTCMKTS:DTCWY – Get Free Report) were down 9.9% on Thursday. The company traded as low as $8.52 and last traded at $8.52. Approximately 305 shares were traded during mid-day trading, a decline of 48% from the average session volume of 584 shares. The stock had previously closed at $9.46.
Deutsche Wohnen Trading Down 9.9%
The company has a 50-day moving average of $10.17 and a 200-day moving average of $10.96.
Deutsche Wohnen Company Profile
Deutsche Wohnen SE is a German real estate company focused primarily on the ownership, management and development of residential properties. Its activities include leasing apartments, managing residential communities, maintaining and modernizing buildings, and providing related tenant services.
The company’s portfolio and operations are concentrated in Germany, with a particular presence in major urban areas such as Berlin and other economically strong metropolitan regions. Deutsche Wohnen has historically also been involved in the management of care and senior-living properties, although residential real estate remains its core business.
Founded in 1998, Deutsche Wohnen expanded through acquisitions and portfolio development before becoming part of the Vonovia group.
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