Deutsche Boerse (OTCMKTS:DBOEY) Stock Passes Below Fifty Day Moving Average – Here’s Why

Deutsche Boerse AG (OTCMKTS:DBOEY)’s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $29.22 and traded as low as $28.45. Deutsche Boerse shares last traded at $28.50, with a volume of 213,150 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on DBOEY shares. Oddo Bhf upgraded shares of Deutsche Boerse to an “outperform” rating in a research report on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Deutsche Boerse in a research note on Wednesday, January 21st. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Deutsche Boerse in a research note on Friday, May 1st. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Deutsche Boerse presently has an average rating of “Hold”.

Deutsche Boerse Price Performance

The company has a market cap of $51.41 billion, a PE ratio of 21.75, a price-to-earnings-growth ratio of 1.87 and a beta of 0.46. The company’s 50 day simple moving average is $29.23 and its two-hundred day simple moving average is $26.74.

Deutsche Boerse (OTCMKTS:DBOEY) last announced its earnings results on Monday, April 27th. The financial services provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.01. The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.90 billion. Deutsche Boerse had a net margin of 32.67% and a return on equity of 19.99%. Sell-side analysts expect that Deutsche Boerse AG will post 1.43 EPS for the current fiscal year.

About Deutsche Boerse

Deutsche Börse AG is a Germany‑based provider of marketplace infrastructure, trading technology and post‑trade services to the global financial industry. The company operates electronic trading platforms and derivatives markets, offers clearing and settlement services, and supplies market data, analytics and index products to investment banks, brokers, asset managers and listed companies.

Key businesses within the group include electronic equity trading via the Xetra trading system, derivatives trading through the Eurex exchange, and post‑trade and custody services provided by Clearstream.