E.On (OTCMKTS:EONGY) Share Price Crosses Below Fifty Day Moving Average – Here’s What Happened

E.On Se (OTCMKTS:EONGY) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $21.01 and traded as low as $19.7990. E.On shares last traded at $19.90, with a volume of 191,910 shares trading hands.

Wall Street Analyst Weigh In

EONGY has been the subject of several research reports. Jefferies Financial Group raised E.On from a “hold” rating to a “buy” rating in a report on Sunday, August 2nd. UBS Group upgraded E.On from a “hold” rating to a “buy” rating in a research report on Monday, September 7th. Morgan Stanley reissued an “overweight” rating on shares of E.On in a research note on Friday, July 3rd. Royal Bank Of Canada restated a “sector perform” rating on shares of E.On in a research report on Thursday, July 9th. Finally, Berenberg Bank raised shares of E.On from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

E.On Price Performance

The company has a debt-to-equity ratio of 1.27, a current ratio of 0.95 and a quick ratio of 0.91. The firm has a market capitalization of $52.02 billion, a PE ratio of 13.27, a P/E/G ratio of 4.60 and a beta of 0.69. The company has a 50-day moving average price of $21.01 and a 200-day moving average price of $21.46.

E.On (OTCMKTS:EONGY) last posted its quarterly earnings data on Wednesday, August 12th. The utilities provider reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.10). E.On had a return on equity of 11.54% and a net margin of 4.49%.The company had revenue of $18.89 billion for the quarter, compared to analysts’ expectations of $40.44 billion. Sell-side analysts forecast that E.On Se will post 1.23 EPS for the current year.

About E.On

E.ON SE is a Germany-based energy company focused primarily on energy networks and customer solutions. Its network business operates electricity and gas distribution infrastructure, while its customer-solutions activities provide electricity, natural gas and renewable energy products, along with energy-management services for residential, commercial and industrial customers.

The company also offers decentralized energy solutions, including solar power, battery storage, electric-vehicle charging and energy-efficiency services.