OMV (OTCMKTS:OMVKY) Sets New 12-Month High – Here’s Why

Shares of OMV AG (OTCMKTS:OMVKY) reached a new 52-week high on Wednesday . The stock traded as high as $20.4350 and last traded at $20.41, with a volume of 22815 shares trading hands. The stock had previously closed at $20.05.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of OMV from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. Four research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

OMV Price Performance

The company has a current ratio of 1.22, a quick ratio of 0.92 and a debt-to-equity ratio of 0.27. The firm has a market cap of $26.72 billion, a P/E ratio of 2.16 and a beta of -0.07. The firm has a 50-day simple moving average of $18.54 and a 200-day simple moving average of $17.75.

OMV Company Profile

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.