RWE (OTCMKTS:RWEOY) Sees Unusually-High Trading Volume – Here’s Why

RWE AG (OTCMKTS:RWEOY) shares saw unusually-high trading volume on Thursday . Approximately 1,059,860 shares were traded during mid-day trading, an increase of 880% from the previous session’s volume of 108,132 shares.The stock last traded at $51.70 and had previously closed at $50.60.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on RWEOY. Zacks Research cut shares of RWE from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. Citigroup cut RWE from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. Sanford C. Bernstein upgraded RWE from a “market perform” rating to an “outperform” rating in a research report on Thursday, September 4th. Finally, BNP Paribas set a $53.30 price objective on RWE and gave the stock an “outperform” rating in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $53.30.

RWE Stock Performance

The stock has a market capitalization of $34.64 billion, a PE ratio of 13.34 and a beta of 0.71. The firm has a 50 day moving average of $47.48 and a 200-day moving average of $42.85. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.21 and a current ratio of 1.27.

RWE (OTCMKTS:RWEOY) last issued its quarterly earnings results on Wednesday, November 12th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.66. RWE had a net margin of 11.32% and a return on equity of 4.85%. The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $4.48 billion. Research analysts forecast that RWE AG will post 3.18 earnings per share for the current year.

RWE Company Profile

RWE Aktiengesellschaft generates and supplies electricity from renewable and conventional sources in Germany, the United Kingdom, rest of Europe, North America, and internationally. It operates through five segments: Offshore Wind; Onshore Wind/Solar; Hydro/Biomass/Gas; Supply & Trading; and Coal/Nuclear.