Vonovia (OTCMKTS:VONOY) Sets New 1-Year Low – Time to Sell?

Vonovia SE Unsponsored ADR (OTCMKTS:VONOY) shares hit a new 52-week low during trading on Thursday . The stock traded as low as $11.28 and last traded at $11.3430, with a volume of 224558 shares traded. The stock had previously closed at $11.43.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on VONOY shares. Zacks Research cut Vonovia from a “hold” rating to a “strong sell” rating in a report on Monday, May 25th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Vonovia in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Vonovia has an average rating of “Hold”.

Vonovia Trading Up 1.5%

The company has a market capitalization of $19.87 billion, a price-to-earnings ratio of 4.44 and a beta of 1.24. The company has a 50 day moving average price of $12.85 and a 200 day moving average price of $13.91.

Vonovia (OTCMKTS:VONOY) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.25 earnings per share (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 analysts’ expectations of $1.01 billion. Vonovia had a net margin of 56.28% and a return on equity of 14.51%. Equities analysts predict that Vonovia SE Unsponsored ADR will post 1.22 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.