Verbund (OTCMKTS:OEZVY) Shares Cross Above 50-Day Moving Average – What’s Next?

Verbund Ag (OTCMKTS:OEZVY)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $15.54 and traded as high as $15.69. Verbund shares last traded at $15.69, with a volume of 599 shares.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Morgan Stanley reissued an “underweight” rating on shares of Verbund in a report on Thursday, May 15th. Sanford C. Bernstein lowered shares of Verbund to an “underperform” rating in a report on Friday, May 16th. Finally, Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Verbund in a report on Thursday, April 24th.

Verbund Stock Down 7.7%

The company’s fifty day moving average is $15.54 and its 200-day moving average is $15.25.

Verbund (OTCMKTS:OEZVY) last released its earnings results on Wednesday, May 14th. The company reported $0.24 earnings per share (EPS) for the quarter. The firm had revenue of $23.45 billion during the quarter.

Verbund Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 8th were issued a dividend of $0.3934 per share. This represents a yield of 2.69%. The ex-dividend date of this dividend was Wednesday, May 7th. Verbund’s dividend payout ratio (DPR) is currently 400.00%.

Verbund Company Profile

VERBUND AG, together with its subsidiaries, generates, trades, and sells electricity to energy exchange markets, traders, electric utilities and industrial companies, and households and commercial customers. It operates through Hydro, New Renewables, Sales, Grid, and All Other segments. The company operates hydropower plants with a capacity of 8,417 megawatts (MW); wind farms with a capacity of 798 MW; solar power with a capacity of 253 MW; and two thermal power plants.