Vonovia (OTCMKTS:VONOY) Shares Gap Down – Time to Sell?

Vonovia SE Unsponsored ADR (OTCMKTS:VONOY) gapped down prior to trading on Friday. The stock had previously closed at $9.38, but opened at $9.07. Vonovia shares last traded at $9.07, with a volume of 541 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of Vonovia from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. The Goldman Sachs Group lowered Vonovia from a “strong-buy” rating to a “hold” rating in a report on Monday, September 7th. Finally, Zacks Research upgraded Vonovia from a “strong sell” rating to a “hold” rating in a research report on Monday, August 24th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold”.

Vonovia Stock Down 0.5%

The firm has a market capitalization of $15.41 billion, a price-to-earnings ratio of 3.14 and a beta of 1.22. The company has a fifty day moving average price of $10.85 and a two-hundred day moving average price of $11.92.

Vonovia (OTCMKTS:VONOY) last announced its earnings results on Wednesday, August 5th. The company reported $0.47 EPS for the quarter, beating 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 business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.01 billion. On average, equities analysts anticipate that Vonovia SE Unsponsored ADR will post 1.07 earnings per share for the current fiscal year.

Vonovia Company Profile

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.