Vonovia (OTCMKTS:VONOY) Hits New 52-Week Low – Here’s Why

Vonovia SE Unsponsored ADR (OTCMKTS:VONOY)’s share price reached a new 52-week low during trading on Wednesday. The company traded as low as $9.28 and last traded at $9.28, with a volume of 26902 shares. The stock had previously closed at $9.49.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on VONOY shares. Deutsche Bank Aktiengesellschaft upgraded Vonovia from a “hold” rating to a “buy” rating in a report on Thursday, June 25th. Zacks Research upgraded shares of Vonovia from a “strong sell” rating to a “hold” rating in a research report on Monday, August 24th. Finally, The Goldman Sachs Group downgraded shares of Vonovia from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 7th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Vonovia Price Performance

The company has a market capitalization of $15.83 billion, a P/E ratio of 3.23 and a beta of 1.22. The firm’s 50-day moving average is $10.97 and its 200-day moving average is $11.97.

Vonovia (OTCMKTS:VONOY) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.24. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Vonovia had a net margin of 61.85% and a return on equity of 15.40%. As a group, analysts forecast that Vonovia SE Unsponsored ADR will post 0.97 EPS for the current fiscal 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.