Vonovia (OTCMKTS:VONOY) Sees Large Volume Increase – Here’s Why

Vonovia SE Unsponsored ADR (OTCMKTS:VONOY) saw strong trading volume on Thursday . 217,717 shares changed hands during mid-day trading, an increase of 158% from the previous session’s volume of 84,335 shares.The stock last traded at $14.14 and had previously closed at $14.0215.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group raised shares of Vonovia from a “hold” rating to a “buy” rating in a research report on Sunday, September 7th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Vonovia Stock Up 0.4%

The firm has a market cap of $23.53 billion, a P/E ratio of 5.21 and a beta of 1.27. The firm’s 50-day moving average price is $15.08 and its 200 day moving average price is $15.85.

Vonovia (OTCMKTS:VONOY) last released its quarterly earnings results on Wednesday, November 5th. The company reported $2.17 earnings per share (EPS) for the quarter. The company had revenue of $1 billion during the quarter. Vonovia had a return on equity of 12.34% and a net margin of 39.42%. On average, equities analysts predict that Vonovia SE Unsponsored ADR will post 1.05 earnings per share for the current year.

About Vonovia

Vonovia SE operates as an integrated residential real estate company in Europe. It operates through four segments: Rental, Value-Add, Recurring Sales, and Development. The company offers property management services; property-related services; and value-added services, including maintenance and modernization of residential properties, craftsmen and residential environment organization, condominium administration, cable TV, metering, energy supply, and insurances services.