OMV (OTCMKTS:OMVKY) Shares Gap Down – Here’s Why

OMV AG (OTCMKTS:OMVKY)’s share price gapped down before the market opened on Monday . The stock had previously closed at $18.71, but opened at $17.99. OMV shares last traded at $18.2250, with a volume of 6,643 shares changing hands.

Analyst Ratings Changes

Several brokerages have issued reports on OMVKY. Jefferies Financial Group downgraded OMV from a “strong-buy” rating to a “hold” rating in a report on Friday, March 20th. Zacks Research downgraded OMV from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. Four analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Reduce”.

OMV Stock Down 2.6%

The company has a current ratio of 1.50, a quick ratio of 1.24 and a debt-to-equity ratio of 0.25. The stock has a market cap of $23.85 billion, a P/E ratio of 2.17 and a beta of -0.08. The firm has a 50-day simple moving average of $17.95 and a two-hundred day simple moving average of $16.08.

OMV Company Profile

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.