OMV (OTCMKTS:OMVKY) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

OMV AG (OTCMKTS:OMVKYGet Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.84 and traded as high as $18.59. OMV shares last traded at $18.59, with a volume of 14,812 shares traded.

Analysts Set New Price Targets

OMVKY has been the topic of several recent analyst reports. Zacks Research raised OMV from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 4th. Jefferies Financial Group cut shares of OMV from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th. Royal Bank Of Canada cut shares of OMV from a “sector perform” rating to an “underperform” rating in a research report on Thursday, January 29th. Finally, HSBC cut shares of OMV from a “hold” rating to a “reduce” rating in a research report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, OMV has a consensus rating of “Reduce”.

Get Our Latest Stock Report on OMV

OMV Stock Up 1.6%

The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.24 and a current ratio of 1.50. The firm’s 50-day moving average is $17.79 and its two-hundred day moving average is $15.84. The stock has a market cap of $24.34 billion, a P/E ratio of 2.21 and a beta of -0.09.

OMV Company Profile

(Get Free Report)

OMV AG is an Austrian integrated energy company founded in 1956 and headquartered in Vienna. The firm operates across the oil and gas value chain, with core activities in exploration and production, refining and marketing, petrochemicals, gas trading and storage, and a large retail network of service stations and convenience offerings in Central and Eastern Europe. OMV’s business model combines upstream resource development with downstream processing and commercial distribution to supply fuels, lubricants and chemical feedstocks.

In upstream, OMV pursues oil and natural gas exploration and production projects and participates in both onshore and offshore developments.

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