Vonovia (OTCMKTS:VONOY) Sets New 12-Month Low – Time to Sell?

Vonovia SE Unsponsored ADR (OTCMKTS:VONOY)’s stock price hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $8.60 and last traded at $8.92, with a volume of 17,317 shares. The stock had previously closed at $9.18.

Analysts Set New Price Targets

VONOY has been the topic of a number of recent analyst reports. Morgan Stanley cut shares of Vonovia to an “underweight” rating in a research report on Tuesday, October 20th. The Goldman Sachs Group lowered shares of Vonovia from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 7th. Zacks Research upgraded shares of Vonovia from a “strong sell” rating to a “hold” rating in a research report on Monday, August 24th. Jefferies Financial Group reissued a “buy” rating on shares of Vonovia in a research note on Wednesday, October 14th. Finally, Oddo Bhf downgraded shares of Vonovia to a “neutral” rating in a research note on Thursday. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Vonovia Trading Up 0.9%

The company has a 50 day moving average of $9.99 and a 200-day moving average of $12.39.

Vonovia (OTCMKTS:VONOY) last released its earnings results on Wednesday, August 5th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.24. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.01 billion. Vonovia had a return on equity of 15.40% and a net margin of 61.85%. Analysts forecast that Vonovia SE Unsponsored ADR will post 1.04 earnings per share for the current year.

About Vonovia

Vonovia SE is a European residential real estate company headquartered in Bochum, Germany. The company owns, manages and develops residential properties, with a portfolio focused primarily on apartments and homes for individuals and families.

Its activities include property management, tenant services, building maintenance, modernization and the development of new residential projects. Vonovia also provides related services such as energy solutions, technical building operations and other services intended to support the management and improvement of its properties.

Vonovia serves tenants primarily in Germany, Austria and Sweden.