OMV (OTCMKTS:OMVKY) Downgraded to Strong Sell Rating by Zacks Research

Zacks Research downgraded shares of OMV (OTCMKTS:OMVKY) from a hold rating to a strong sell rating in a research report report published on Monday morning,Zacks.com reports.

OMV Stock Performance

Shares of OMVKY opened at $17.99 on Monday. The company has a quick ratio of 1.24, a current ratio of 1.50 and a debt-to-equity ratio of 0.25. The stock has a market cap of $23.55 billion, a P/E ratio of 2.14 and a beta of -0.07. The business’s 50 day moving average price is $17.29 and its 200-day moving average price is $16.71. OMV has a 52 week low of $12.52 and a 52 week high of $19.00.

About OMV

OMV AG is an Austrian integrated energy company founded in 1956 and headquartered in Vienna. The firm operates across the oil and gas value chain, with core activities in exploration and production, refining and marketing, petrochemicals, gas trading and storage, and a large retail network of service stations and convenience offerings in Central and Eastern Europe. OMV’s business model combines upstream resource development with downstream processing and commercial distribution to supply fuels, lubricants and chemical feedstocks.

In upstream, OMV pursues oil and natural gas exploration and production projects and participates in both onshore and offshore developments.