Vonovia (OTCMKTS:VONOY) Shares Gap Down – Time to Sell?

Vonovia SE Unsponsored ADR (OTCMKTS:VONOY) gapped down before the market opened on Wednesday . The stock had previously closed at $12.82, but opened at $12.00. Vonovia shares last traded at $11.9750, with a volume of 9,029 shares trading hands.

Analysts Set New Price Targets

Several research firms have recently commented on VONOY. Zacks Research upgraded Vonovia from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft upgraded Vonovia from a “hold” rating to a “buy” rating in a report on Thursday, June 25th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Vonovia Stock Performance

The firm has a market cap of $20.24 billion, a PE ratio of 4.52 and a beta of 1.24. The company’s 50-day simple moving average is $12.39 and its two-hundred day simple moving average is $13.62.

Vonovia (OTCMKTS:VONOY) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.01 billion. Vonovia had a net margin of 56.28% and a return on equity of 14.51%. On average, analysts expect that Vonovia SE Unsponsored ADR will post 0.97 EPS 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.