OMV Aktiengesellschaft (OTCMKTS:OMVJF) Hits New 52-Week High – Here’s Why

OMV Aktiengesellschaft (OTCMKTS:OMVJF)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $63.44 and last traded at $63.44, with a volume of 375 shares trading hands. The stock had previously closed at $59.70.

OMV Aktiengesellschaft Price Performance

The stock has a market cap of $20.74 billion, a price-to-earnings ratio of 12.29 and a beta of 0.82. The company’s fifty day simple moving average is $57.31 and its two-hundred day simple moving average is $55.07.

About OMV Aktiengesellschaft

OMV Aktiengesellschaft is an integrated oil and gas company headquartered in Vienna, Austria. It conducts a full range of activities across the hydrocarbon value chain, including exploration and production of crude oil and natural gas, refinement of petroleum products, and the production and marketing of petrochemicals. The company serves industrial, commercial and retail customers through a combination of direct sales, wholesale trading and a network of service stations and distribution channels.

On the upstream side, OMV pursues exploration and production projects to develop oil and gas reserves, and it operates equity interests and joint ventures in producing fields and exploration licences.