Vonovia (OTCMKTS:VONOY) Stock Price Down 4.9% – Should You Sell?

Vonovia SE Unsponsored ADR (OTCMKTS:VONOY)’s share price fell 4.9% during mid-day trading on Monday . The company traded as low as $13.26 and last traded at $13.26. 1,727 shares traded hands during trading, a decline of 98% from the average session volume of 85,378 shares. The stock had previously closed at $13.95.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group raised shares of Vonovia from a “hold” rating to a “buy” rating in a research note on Sunday, September 7th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Vonovia Price Performance

The stock has a 50-day moving average price of $14.94 and a 200-day moving average price of $15.77. The company has a market capitalization of $23.61 billion, a price-to-earnings ratio of 5.23 and a beta of 1.27.

Vonovia (OTCMKTS:VONOY) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $2.17 earnings per share for the quarter. Vonovia had a return on equity of 12.34% and a net margin of 39.42%.The business had revenue of $1 billion for the quarter. Equities analysts forecast that Vonovia SE Unsponsored ADR will post 1.05 earnings per share for the current year.

About Vonovia

Vonovia SE is a Germany-based residential real estate company headquartered in Bochum that owns, manages and develops rental housing. Its core activities center on long-term residential leasing, property and facility management, maintenance and modernization of apartment portfolios, and project development. Vonovia provides tenant services and operational support to maintain and upgrade its buildings, with an increasing focus on energy-efficiency measures and building refurbishments to modernize stock and reduce operating costs.

The company traces its roots to Deutsche Annington and adopted the Vonovia name following a period of consolidation and growth; it has expanded through a series of acquisitions to become one of the largest residential landlords in Germany.