RWE (OTCMKTS:RWEOY) Stock Breaks Above Two Hundred Day Moving Average After Analyst Downgrade

RWE AG (OTCMKTS:RWEOY) crossed above its 200-day moving average during trading on Thursday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The stock has a 200-day moving average of $65.44 and traded as high as $65.9701. RWE shares last traded at $65.62, with a volume of 44,693 shares changing hands.

A number of other equities research analysts have also commented on RWEOY. Morgan Stanley restated an “overweight” rating on shares of RWE in a report on Thursday, July 23rd. Royal Bank Of Canada reissued an “outperform” rating on shares of RWE in a research note on Monday, August 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of RWE in a research report on Monday, August 17th. Finally, Citigroup reaffirmed a “neutral” rating on shares of RWE in a report on Wednesday, July 29th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold”.

RWE Stock Performance

The company has a current ratio of 1.35, a quick ratio of 1.29 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $46.61 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 1.16 and a beta of 0.58. The company’s 50-day simple moving average is $66.74 and its 200-day simple moving average is $65.48.

About RWE

RWE AG is a Germany-based energy company engaged in electricity generation, energy trading and the development of renewable energy projects. Its portfolio includes offshore and onshore wind farms, solar facilities, battery storage systems and flexible conventional power generation, including gas-fired and other dispatchable plants. The company also supplies energy and provides energy-related services to commercial and industrial customers.

RWE has expanded its renewable energy activities through organic development and acquisitions, including the 2019 acquisition of substantially all of E.ON’s renewable generation, gas generation and energy trading operations as part of the broader innogy transaction.