Vonovia (OTCMKTS:VONOY) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Vonovia SE Unsponsored ADR (OTCMKTS:VONOY) saw unusually-strong trading volume on Tuesday. Approximately 843,833 shares changed hands during mid-day trading, an increase of 183% from the previous session’s volume of 297,661 shares. The stock last traded at $9.2449 and had previously closed at $9.13.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on VONOY shares. Jefferies Financial Group reissued a “buy” rating on shares of Vonovia in a research note on Wednesday. The Goldman Sachs Group cut Vonovia from a “strong-buy” rating to a “hold” rating in a report on Monday, September 7th. Zacks Research upgraded shares of Vonovia from a “strong sell” rating to a “hold” rating in a research note on Monday, August 24th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Vonovia from a “hold” rating to a “buy” rating in a research note on Thursday, June 25th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Vonovia Stock Up 1.2%

The firm has a 50 day simple moving average of $10.61 and a two-hundred day simple moving average of $11.84. The stock has a market capitalization of $15.92 billion, a P/E ratio of 3.25 and a beta of 1.22.

Vonovia (OTCMKTS:VONOY) last posted its earnings results on Wednesday, August 5th. The company reported $0.47 earnings per share for the quarter, topping 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 firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.01 billion. On average, research analysts predict that Vonovia SE Unsponsored ADR will post 1.07 earnings per share for the current year.

About Vonovia

Vonovia SE is a Germany-based residential real estate company that owns, manages and develops housing properties. Its portfolio primarily consists of apartments for private tenants, along with related residential and community facilities.

The company provides property management, maintenance, modernization and tenant services. Vonovia also offers energy-related solutions and invests in measures intended to improve the efficiency and quality of its buildings, including renovations and new residential construction.

Vonovia serves residential markets mainly in Germany, Sweden and Austria.